Gold and Silver Prices Decline Amid Rising Oil Prices and Fed Rate Cut Uncertainty

Gold and silver prices declined amid fading hopes of near-term US Federal Reserve rate cuts and ongoing geopolitical tensions in West Asia. Elevated crude oil prices above $100 per barrel are fueling inflation concerns, which typically support gold as an inflation hedge but are offset by expectations of sustained high interest rates. The US dollar's strength and softer Treasury yields influenced bullion prices, while investors await the Federal Reserve's upcoming policy decision for further guidance on interest rates.