Gold, silver rebound as Treasury yields tumble despite hot PPI - Kitco AM Report - Kitco

(Kitco NewsWire) – Spot gold prices were near steady and spot silver prices were modestly higher in early U. S. trading Friday, as a softer dollar and lower Treasury yields on the week continued to support precious metals following Thursday's rebound. Federal Reserve Chair Kevin Warsh refrained from signaling an October rate increase during overnight remarks at the International Monetary Fund meetings, reducing immediate tightening expectations despite persistent inflation pressure. At the time of writing, spot gold was trading near $4,172.10 an ounce, up $2.30, or 0.06%, while spot silver was trading near $57.630, up $0.330, or 0.57%. Market positioning remains divided between stubborn inflation and growing concerns about economic resilience. September CPI rose 0.6% on the month and 3.7% annually, while Thursday's producer-price report showed a 1.3% monthly increase and a 6.3% annual gain, the largest monthly rise since March 2022. Producer energy prices jumped 10.8%, adding to concerns that elevated crude and fuel costs could prolong inflation.

(Kitco NewsWire) - Gold and silver prices are sharply higher in late U. S. trading Thursday, as falling Treasury yields, a weaker U. S. dollar and renewed safe-haven demand helped precious metals recover from Wednesday's inflation-driven selloff. A stronger-than-expected U. S. producer inflation report failed to reverse the rally in government bonds, with concerns over heavily indebted artificial intelligence companies drawing capital into Treasuries. At the time of writing, spot gold was trading near $4,168.70 an ounce, up $64.20, or 1.56%, while spot silver was trading near $57.310, up $1.800, or 3.24%. North American equities closed higher after recovering from sharp early losses, as falling Treasury yields and strength outside the technology sector offset continuing concerns about AI infrastructure spending. The S&P 500 advanced 0.3%, recovering from an early decline of approximately 0.6%. The Dow Jones Industrial Average gained 1.1%, supported by health care, retail and other defensive shares. The Nasdaq Composite finished 0.1% higher after reversing an intraday loss of approximately 1.4%.

US September PPI 6.3% vs 5.3% expectedUS October Philly Fed business index +20.9 vs +28.4 expectedUS October Empire Manufacturing index +25.50 vs +10.25 expectedUS retails sales for September 0.8% MoM vs 0.3% estimate. Prior month 1.3%Canada August manufacturing sales +1.5% vs +1.1% expectedUS initial jobless claim 199K vs 200K estimateUS August business inventories +0.4% vs +0.4% expectedUS weekly EIA crude oil inventories -8557K vs -288K expectedAtlanta Fed GDPNow holds at 3.6% for Q3 as consumer spending outlook improvesMarkets:WTI crude oil up $2.50 to $97.59US 10-year yields down 9.9 bps to 5.09%S&P 500 up 0.4%Gold up $61 to $4166CHF leads, USD lagsThe most-interesting development of the afternoon in US trading was that an AI focused fund that may have had $40 billion AUM blew up. The fund's latest holdings correspond strongly with some of the worst performers lately so the story fits, including top holdings Nebius, Bloom, Lumentum and CoreWeave. After that rumor began to do the rounds, there was some dip buying in stock markets that snowballed. The thinking may follow what happened with Situational Awareness where once it was clear what happened, the buyers returned.

(Kitco News) - After a solid overnight rally, rising inflation fears are limiting gold’s recovery Thursday, as higher producer prices show that the growing threat is unlikely to abate anytime soon. The U. S. headline Producer Price Index (PPI) jumped 1.3% in September, following August’s revised 0.5% increase, the U. S. Labor Department announced Thursday. The latest headline data was significantly hotter than expected, as economists had forecast a 0.6% increase. “The September increase is the largest advance since rising 1.7 percent in March 2022,” the report said. Over the last 12 months, headline wholesale inflation increased 6.3%, above the expected 5.3% rise. The report noted that this was the biggest annual increase since December 2022. Core PPI, which strips out volatile food and energy costs, rose 0.7% last month, above economists’ consensus forecast of 0.3% and following August’s upwardly revised 0.3% increase. Annual core PPI rose 5.0%, above consensus estimates of 4.4%. The gold market is holding on to its overnight gains above $4,100 an ounce. Spot gold last traded at $4,151.90 an ounce, up more than 1% on the day.

TorontoPublished: October 17, 2026 at 2:31p.m. EDTThe next Lotto Max draw is on Tuesday, Oct. 20, 2026. The largest lottery prize ever offered in Canada is still up for grabs after there were no winners for Friday’s Lotto Max draw. The winning numbers were 01, 11, 13, 36, 41, 43, 51. The next draw for the $90 million Lotto Max will take place on Tuesday, Oct. 20. The jackpot is unchanged, as $90 million is the cap. While no one claimed the jackpot on Friday, the Ontario Lottery and Gaming Corporation said four Maxmillion tickets worth $1 million each were sold in Ontario. Fourteen other tickets won $100,000 each, including seven in the Greater Toronto Area. Tuesday’s draw will also feature 20 Maxmillions prizes worth $1 million each and at least 90 Maxplus prizes worth $100,000 each. How to set CP24 as your preferred source on GoogleHow to set CTV News as your preferred source on Google

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