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Gold price slips as oil spike, Fed-hike odds hit risk appetite - Kitco PM Report

Barchart·08/31/2026 16:10:08
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(Kitco NewsWire) - Spot gold prices are slightly lower and spot silver prices are modestly higher in late-afternoon U.S. trading Monday, as renewed U.S.-Iran military escalation lifted oil prices, pushed long-end Treasury yields higher and kept pressure on non-yielding metals after Friday’s hawkish Fed shock.