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Spot gold and silver prices are sharply lower in late-afternoon U.S. trading Thursday, as hotter wholesale inflation, a crude-oil surge and a jump in Treasury yields overwhelmed safe-haven demand tied to the U.S.-Iran war.
Hawkish ECB put additional pressure on precious metals markets today.
Kalshi has received approval for and launched perpetual futures on precious metals gold and silver, the company told CNBC exclusively. The prediction market platform first received approval to launch perpetuals, or "perps," tied to cryptocurrencies in late May.
Spot gold and silver prices are sharply lower in early U.S. trading Thursday, after hotter U.S. wholesale inflation, steady jobless claims and a 25-basis-point ECB rate hike reinforced the global higher-for-longer rate trade. At the time of writing, spot gold was trading near $4,362.30 an ounce, down 0.87%, while spot silver was trading at $64.920, down 3.34% on the session.
Tariff news, oil, the dollar, real yields: Everything is working against metals on Thursday.
Spot gold and silver prices are higher in late-afternoon U.S. trading Wednesday, as a weaker U.S. dollar and safe-haven demand tied to the U.S.-Iran conflict outweighed higher Treasury yields and another surge in crude oil.
Private equity fund Silver Lake plans on merging two of its software firms in a 10 billion euro ($11.6 billion) tie-up. French firms Cegid, which sells business management software, and Silae, a payroll and HR platform, are set to combine.
Spot gold and silver prices are lower in early U.S. trading Tuesday, as rising oil prices and elevated Treasury yields kept pressure on non-yielding metals ahead of this week's U.S. inflation reports.