Gold & Silver Market News — Oct 16, 2026, 20:10–00:10 UTC
Precious Metals See Weekly Losses
Both gold and silver prices are poised for weekly losses amid shifting market dynamics. Gold retreated as traders assessed hotter-than-expected US inflation data, although this led to fading bets for an immediate Federal Reserve rate hike . Silver also faced a significant sell-off, breaking below a key support level and exacerbating its weekly decline .
Inflation and Energy Prices
Recent US inflation data came in higher than anticipated, a key factor for markets evaluating Federal Reserve policy . Elsewhere, Canada's headline inflation is expected to remain elevated, driven largely by rising energy prices for gasoline and furnace oil .
Asian Currency and Capital Flows
The Taiwan Dollar experienced downward pressure as a result of heavy foreign equity outflows. The currency's depreciation was reportedly tempered by actions from Taiwan's central bank aimed at supporting the dollar.