Gold and silver slip as expected Fed tightening outweighs geopolitical risk
Gold and silver fell on expectations of tighter US monetary policy despite geopolitical risks and Indian festive demand, CNBC-TV18 reports.
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what happened
According to CNBC-TV18, gold and silver prices fell in international trading on Wednesday, October 21. COMEX gold futures dropped $14.10, or 0.34%, to $4,128.50 an ounce. Silver futures lost $0.30, or 0.52%, to $57.70 an ounce.
The main pressure comes from expectations of higher US interest rates. Gold pays no interest, so it becomes less attractive when bond yields rise. A Reuters poll published on October 20 showed economists expect the Fed to hold rates at its October 27-28 meeting, then raise them again in December.
Central-bank purchases, geopolitical tension and Indian festive demand offer some support, though high prices are limiting buying.
why it matters
For precious metals, the direction of US inflation and interest rates currently matters more than geopolitics. Silver also depends on industrial demand, so it can move differently from gold. Key drivers ahead are US inflation data, Fed signals and Treasury yields.
market impact
Gold and silver: expected tighter Fed policy pressures metals, while geopolitical risk gives support
tags
instruments
sources
- Why gold and silver remain under pressure despite geopolitical risks and festive buying — CNBC-TV18, 21 October 2026 at 01:45 UTC
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