{"id":1221,"date":"2026-08-10T22:54:07","date_gmt":"2026-08-10T22:54:07","guid":{"rendered":"https:\/\/goontrading.com\/en\/gold-and-silver-rise-as-oil-jump-revives-inflation-risk-trade-kitco-pm-report\/"},"modified":"2026-08-10T22:54:07","modified_gmt":"2026-08-10T22:54:07","slug":"gold-and-silver-rise-as-oil-jump-revives-inflation-risk-trade-kitco-pm-report","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/gold-and-silver-rise-as-oil-jump-revives-inflation-risk-trade-kitco-pm-report\/","title":{"rendered":"Gold and silver rise as oil jump revives inflation-risk trade – Kitco PM Report"},"content":{"rendered":"

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\"Gold<\/p>\n

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(Kitco NewsWire) –\u00a0Gold and\u00a0silver prices are higher in late-afternoon U.S. trading Monday, as the market balanced last week\u2019s weak labor data against a rebound in oil prices, Treasury yields and Fed rate-hike expectations. At the time of writing, spot gold was trading near $4,358.71 an ounce, up 0.4%, while front-month silver futures settled at $65.106 an ounce, up 2.80% on the session.<\/p>\n

North American equity markets slipped from record territory. The S&P 500 fell 4.53 points, or 0.1%, to 7,753.11, the Dow Jones Industrial Average fell 60.95 points, or 0.1%, to 53,975.98, the Nasdaq Composite lost 85.26 points, or 0.3%, to 26,605.36, and the Russell 2000 fell 17.10 points, or 0.6%, to 3,017.40. European markets were mixed to weaker, with London\u2019s FTSE 100 down 0.5%, or 55 points, at 10,845, France\u2019s CAC 40 down 0.1% and Germany\u2019s DAX up 0.35%.<\/p>\n

The latest market positioning remains defined by the collision between Friday\u2019s payroll shock and Monday\u2019s oil-driven inflation risk. July payrolls fell by 23,000, prior months were revised lower and last week\u2019s data pushed the implied probability of a September Fed rate hike down to 44.4% from 54.7% before the release. That relief trade faded Monday as the rate-hike probability climbed back to 51.7%, while the 30-year Treasury yield rose 5 basis points to 5.244%, just below its July 31 closing high of 5.253%. The next test is July CPI Wednesday at 8:30 a.m. ET, followed by PPI Thursday at 8:30 a.m. ET and retail sales Friday at 8:30 a.m. ET.<\/p>\n

The Strait of Hormuz remains the main geopolitical channel into inflation expectations. Iran\u2019s latest position has reduced optimism around a quick reopening, with Tehran pressing demands including compensation tied to U.S. strikes. Oil prices rose as traders reassessed the timeline for a resumption of normal tanker flows through the strait. The immediate impact has been cross-asset: crude is higher, Treasury yields are firmer, Fed hike odds have recovered part of Friday\u2019s drop and gold has held its bid despite the stronger rate backdrop.<\/p>\n

The key outside markets see Nymex WTI crude oil prices firmer and trading near the $79.00 area, while Brent crude was near $85.00 a barrel. The U.S. dollar index is firmer.\u00a0(Kitco Global Index shows how much of today’s gold move is the dollar versus the gold market itself.)\u00a0The yield on the benchmark 10-year U.S. Treasury note is trading above the 4.7% area.<\/p>\n

Technically, spot gold bulls’ next upside price objective is to push prices back above the $4,360.00 to $4,380.00 resistance zone, with a sustained move targeting $4,480.00 and then $4,500.00. Bears’ next near-term downside price objective is a break below $4,299.00, with deeper downside targets at $4,223.00 and then $4,147.00. First resistance is seen at $4,380.00 and then at $4,480.00. First support is seen at $4,299.00 and then at $4,223.00.<\/p>\n

Spot silver bulls’ next upside price objective is to drive prices back above the $65.53 area, with a move above that zone targeting $71.56 and then $74.63. The next downside price objective for the bears is a break below $63.00, with deeper downside targets at $61.00 and then $60.83. First resistance is seen at $65.53 and then at $71.56. Next support is seen at $63.00 and then at $61.00.<\/p>\n

See live\u00a0precious metals prices for gold, silver, platinum and palladium \u2014 in USD, CAD and 12 more currencies.\u00a0<\/p>\n<\/div>\n

Kitco.com<\/p>\n","protected":false},"excerpt":{"rendered":"

\u26a1 Trade with Ultra-Low Spreads on IC Markets! \u2794 [Link] \ud83c\udf81 Get Your Exclusive XM Deposit Bonus Now! \u2794 [Link] \ud83d\udca1 Master the Markets with FXTM Copy Trading \u2794 [Link] (Kitco NewsWire) –\u00a0Gold and\u00a0silver prices are higher in late-afternoon U.S. trading Monday, as the market balanced last week\u2019s weak labor data against a rebound in …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1221","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/comments?post=1221"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1221\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=1221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=1221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=1221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}