Gold, silver prices: 3 factors driving bullion and the outlook for investors - CNBC TV18

AI desk brief

Gold and silver eased on Oct. 28 as a stronger dollar and uncertainty ahead of the Fed decision outweighed safe-haven support from West Asia tensions. COMEX gold was at $4,068.70/oz, down 0.14%, and silver at $54.410/oz, down 0.19%; in New Delhi, gold fell ₹500 to ₹1.45 lakh/10g and silver dropped ₹4,000 to ₹1.98 lakh/kg.

The note frames the near-term setup around four variables: Fed guidance, USD direction, crude oil, and geopolitics. Brent rose 1.3% to $115.36/bbl and WTI 1.22% to $101.12/bbl, which can reinforce inflation fears and support higher-rate expectations, while silver faces extra pressure from weaker industrial-demand sentiment. One broker saw silver selling intensify below $54/oz, and an industry official flagged downside to $3,950/oz in gold and $50/oz in silver before a potential 10-15% rebound.