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MCX gold and silver futures slip on August 19 as oil’s rise lifts Fed rate-hike bets

AI Market Summary
MCX gold and silver eased as higher crude prices tied to stalled US-Iran dynamics reinforced inflation concerns and strengthened expectations for tighter Fed policy. Rising rate-hike odds typically pressure non-yielding precious metals, though a softer dollar index limited downside by improving affordability for non-USD buyers. The setup keeps near-term metals pricing sensitive to energy-driven inflation signals and shifting Fed expectations.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-1.15%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
MCX gold and silver futures edged lower in early trade on August 19 as higher oil prices, amid stalled U.S.-Iran talks, reinforced expectations of a Federal Reserve rate hike. October gold futures fell 0.03% and September silver futures dropped 0.93%. Brent crude extended gains for a fourth straight session to near $92 a barrel after U.S. President Donald Trump said no negotiations were underway with Iran and disputed Tehran’s claim that the Strait of Hormuz remained closed to shipping.
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