News by CNBC TV18 on TradingView, 2026-10-26 — cnbctv:2d881ff4f094b:0 - TradingView

AI desk brief

Gold and silver edged higher on Monday after last week’s sharp selloff, with COMEX gold at $4,009.50/oz (+$1.60) and silver at $54.150/oz (+$0.201). The rebound follows a steep weekly correction: gold fell $173.20, or 4.14%, to $4,007.90/oz, while silver dropped 6% to $53.95/oz. On MCX, December gold settled around ₹1.42 lakh/10g after a nearly 4% weekly drop, and silver fell 7.14% to ₹1.96 lakh/kg.

Near-term direction hinges on the Fed’s Oct. 27-28 meeting, elevated Treasury yields, and the dollar. A hawkish message would likely keep bullion under pressure by raising the opportunity cost of holding non-yielding metals, while a less hawkish signal could trigger short covering. Silver remains more vulnerable than gold because of its industrial exposure, with analysts citing softer demand and weakness across industrial metals; traders also flagged Brent above $115/bbl last week as an inflation and policy risk, though it eased to $115.48 on Monday.