Precious Metals Weaken as Long Yields Offset Cooler Inflation and Lower Fed Hike Odds

Spot gold eased to $4,156.10 per ounce, down 0.60%, while silver slipped 1.90% to $60.180 as mixed equities and climbing long-term Treasury yields weighed on prices. Softer inflation data cut October Fed hike odds to 37.1%, yet failed to halt the advance in bond yields.