Gold, Silver Surge Up To 3 Pc Over Weaker US Dollar, Geopolitical Uncertainty | Business - Ommcom News

AI desk brief

COMEX gold futures rose 0.58% to $3,963.20/oz and silver gained 0.48% to $49.99/oz on Wednesday; December MCX futures advanced 1.76% and 3.09%, respectively. The report attributed the rebound to a weaker dollar, lower Treasury yields and geopolitical uncertainty; sustained dollar weakness could support bullion, although nominal yields alone do not establish real-yield relief. It also cited CME FedWatch pricing a 78% probability of a December rate hike, complicating its policy-easing narrative. Separately, WGC figures showed Indian gold demand fell 29% year-on-year to 162.5 tonnes in July–September 2026, attributed to record prices, higher import duty and changing buying patterns.