{"id":1328,"date":"2026-08-17T14:45:28","date_gmt":"2026-08-17T14:45:28","guid":{"rendered":"https:\/\/goontrading.com\/en\/gold-silver-rise-as-softer-data-cuts-fed-hike-odds-kitco-am-report\/"},"modified":"2026-08-17T14:45:28","modified_gmt":"2026-08-17T14:45:28","slug":"gold-silver-rise-as-softer-data-cuts-fed-hike-odds-kitco-am-report","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/gold-silver-rise-as-softer-data-cuts-fed-hike-odds-kitco-am-report\/","title":{"rendered":"Gold, silver rise as softer data cuts Fed-hike odds – Kitco AM Report"},"content":{"rendered":"

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\"Gold,<\/p>\n

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(Kitco NewsWire) – Spot\u00a0gold and\u00a0silver prices are higher in early U.S. trading Monday, with a softer U.S. dollar and reduced Federal Reserve rate-hike expectations keeping a bid under precious metals despite stronger regional manufacturing data. At the time of writing, spot gold was trading near $4,394.70 an ounce, up 0.44%, while spot silver was trading at $65.430, up 1.32% on the session.<\/p>\n

The latest positioning still favors a September Fed hold, but this morning\u2019s Empire State survey added a firmer activity and price-pressure signal to an otherwise softer data run. The New York Fed\u2019s general business conditions index rose 5 points to 20.6 in August, its highest reading in more than 4 years, while new orders printed at 17.3, shipments at 11.7 and prices paid rose 6 points to 58.6. That strength follows last week\u2019s weaker July retail sales, softer CPI, flat headline PPI and weaker consumer sentiment, leaving markets with roughly a 30% to 31% probability of a September rate hike. The next rates catalysts are the Fed\u2019s July meeting minutes Wednesday at 2 p.m. ET, housing data and Friday\u2019s flash PMI readings.<\/p>\n

The Strait of Hormuz remains the main geopolitical channel into oil, inflation expectations and defensive demand. Iran said it is close to finalizing an understanding with Oman on a transit route through the strait, but the U.S. is not part of those talks and continues to demand unrestricted passage. At the same time, the 60-day deadline for a broader U.S.-Iran peace deal is expiring with no compromise in place, while tanker traffic through Hormuz slowed sharply over the weekend. Oil is firmer as the market prices a renewed supply-risk premium, with Brent trading near $89 a barrel and WTI near $83. For gold, the setup remains two-sided: weaker Fed-hike pricing and a softer dollar support the metal, while any further oil spike would keep inflation risk alive and limit the rally through the yields channel.<\/p>\n

Global markets were mixed ahead of the U.S. open. U.S. stock-index futures were uneven, with S&P 500 futures slightly higher, Nasdaq futures outperforming and Dow futures lower. In Asia, Japan\u2019s Nikkei rose 0.7% and China\u2019s Shanghai Composite gained 1.4%. European trading was modestly firmer, with the STOXX 600 and FTSE 100 both slightly higher.<\/p>\n

The key outside markets see Nymex WTI crude oil prices firmer and trading around $82.95 a barrel, while Brent crude was near $89.44. The yield on the benchmark 10-year U.S. Treasury note is trading near the 4.7% area. The U.S. dollar index is softer.\u00a0(Kitco Global Index shows how much of today’s gold move is the dollar versus the gold market itself.)<\/p>\n

Technically, spot\u00a0gold bulls’ next upside price objective is to push prices back above the $4,448.00 resistance level, with a sustained move targeting $4,518.00 and then $4,596.00. Bears’ next near-term downside price objective is a break below $4,333.00, with deeper downside targets at $4,262.00 and then $4,205.00. First resistance is seen at $4,448.00 and then at $4,518.00. First support is seen at $4,333.00 and then at $4,262.00.<\/p>\n

Spot\u00a0silver bulls’ next upside price objective is to drive prices back above $66.78, with a move above that level targeting $68.24 and then $69.63. The next downside price objective for the bears is a break below $65.15, with deeper downside targets at $63.57 and then $62.20. First resistance is seen at $66.78 and then at $68.24. Next support is seen at $65.15 and then at $63.57.<\/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) – Spot\u00a0gold and\u00a0silver prices are higher in early U.S. trading Monday, with a softer U.S. dollar and reduced Federal Reserve rate-hike expectations keeping …<\/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-1328","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1328","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=1328"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1328\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=1328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=1328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=1328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}