{"id":1402,"date":"2026-08-19T13:15:17","date_gmt":"2026-08-19T13:15:17","guid":{"rendered":"https:\/\/goontrading.com\/en\/gold-firms-as-softer-dollar-offsets-oil-led-yield-pressure-kitco-am-report\/"},"modified":"2026-08-19T13:15:17","modified_gmt":"2026-08-19T13:15:17","slug":"gold-firms-as-softer-dollar-offsets-oil-led-yield-pressure-kitco-am-report","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/gold-firms-as-softer-dollar-offsets-oil-led-yield-pressure-kitco-am-report\/","title":{"rendered":"Gold firms as softer dollar offsets oil-led yield pressure – Kitco AM Report"},"content":{"rendered":"

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\"Gold<\/p>\n

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(Kitco NewsWire) – Spot\u00a0gold prices are higher and spot\u00a0silver prices are near steady in early U.S. trading Wednesday, as a softer U.S. dollar supported precious metals while elevated Treasury yields and higher crude oil kept the rate-relief trade in check. At the time of writing, spot gold was trading near $4,367.50 an ounce, up 0.79%, while spot silver was trading at $63.230, up 0.04% on the session.<\/p>\n

The latest positioning remains split between softer U.S. data and stubborn long-end yield pressure. Last week\u2019s weaker retail sales, softer CPI, flat headline PPI and weaker consumer sentiment reduced the market\u2019s appetite to price another September Fed hike, while Monday\u2019s Empire State survey showed the general business conditions index rising to 20.6 and prices paid climbing to 58.6. Markets now imply roughly a two-thirds probability that the Fed holds rates steady in September, with hike odds near one-third, while the 10-year Treasury yield is trading near the 4.7% area and the dollar index is softer near 99.36. Traders are focused on the Fed\u2019s July meeting minutes at 2 p.m. ET, followed by jobless claims and the Philadelphia Fed index Thursday, and flash PMI readings Friday.<\/p>\n

The Strait of Hormuz remains the main geopolitical channel into oil, inflation expectations and defensive demand. Washington says the strait is open, while Tehran says it remains shut to shipping, and U.S.-Iran talks are not scheduled. Oman\u2019s talks with Iran on a maritime arrangement have drawn U.S. opposition, while regional shipping traffic remains constrained after a projectile strike damaged a vessel near Oman and caused a crew casualty. Brent crude is trading around $91.50 a barrel and WTI is near $85, keeping an inflation-risk premium in the market. For gold, the setup remains two-sided: geopolitical stress and a softer dollar support haven demand, while higher oil and elevated yields limit the upside.<\/p>\n

Global markets were weaker overnight. South Korea\u2019s Kospi fell 5.7%, Japan\u2019s Nikkei 225 lost 3.2% and China\u2019s Shanghai Composite declined 2.2%, while Hong Kong\u2019s Hang Seng was little changed. U.S. stock-index futures were nearly flat, with S&P 500 futures steady, Dow futures up 0.1% and Nasdaq futures down 0.1%, as AI-linked shares remained under pressure.<\/p>\n

The key outside markets see Nymex WTI crude oil prices firmer and trading around $84.99 a barrel, while Brent crude was near $91.91. 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 $4,446.00 resistance level, with a sustained move targeting $4,595.00 and then $4,778.00. Bears’ next near-term downside price objective is a break below $4,320.00, with deeper downside targets at $4,228.00 and then $4,106.00. First resistance is seen at $4,446.00 and then at $4,595.00. First support is seen at $4,320.00 and then at $4,228.00.<\/p>\n

Spot\u00a0silver bulls’ next upside price objective is to drive prices back above $62.75, with a move above that level targeting $64.20 and then $66.55. The next downside price objective for the bears is a break below $61.55, with deeper downside targets at $60.39 and then $59.00. First resistance is seen at $62.75 and then at $64.20. Next support is seen at $61.55 and then at $60.39.<\/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 prices are higher and spot\u00a0silver prices are near steady in early U.S. trading Wednesday, as a softer U.S. dollar supported precious …<\/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-1402","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1402","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=1402"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1402\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=1402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=1402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=1402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}