Spot gold and silver prices rose modestly and sharply, respectively, amid lower oil prices that eased inflation concerns from the Strait of Hormuz, while a firm U.S. dollar and Treasury yields limited further gains. U.S. equities finished mixed following a previous AI-led rally, with the Nasdaq posting a record close, while European markets showed slight gains overall.
Market focus remained on the Federal Reserve’s recent September rate decision, with futures indicating a roughly 53% probability of an additional October hike.