Gold hits one-year low, silver slips below $50 as inflation fears bite
Precious metal prices, including gold and silver, have hit one-year lows due to persistent inflation fears and expectations of higher interest rates. Central banks are maintaining a hawkish stance, which continues to dampen investor sentiment for bullion.
Why it matters
The decline in precious metals reflects broader economic anxiety and the impact of central bank monetary policy on global markets.
NEW DELHI: Precious metals are having a rough run, with the latest sell-off taking gold to a one-year low and pushing silver below the $50-an-ounce mark for the first time since almost a year.Rising energy prices and stubborn inflation concerns are weighing on investor sentiment, with expectations growing that US interest rates could stay higher for longer. Both metals extended their monthly losses on Friday, with silver taking a sharper hit.Gold continued its downward journey on Friday, with spot prices falling 2.7% to $3,910.53 per ounce. This was the metal's lowest level since October 2025. US gold futures for December delivery also slipped 2.8% to $3,919.60 per ounce.Bullion prices have declined 5.9% so far this month and are on track to record their second consecutive monthly fall.Silver fared worse, with spot prices dropping 5.8% to $49.34 per ounce.
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