Gold, silver rebound as soft data cools October Fed hike bets - Kitco PM Report

(Kitco NewsWire) – Spot gold prices were firmer and spot silver prices were also higher in late U.S. trading Tuesday, as softer U.S. labor-market and consumer-confidence data helped bullion recover from Monday’s selloff, even as long-dated Treasury yields remained near multi-decade highs. At the time of writing, spot gold was trading near $4,172.40 an ounce, up 1.42% on the session, while spot silver was trading near $61.270, up 1.23%.