Gold and Silver Prices Slip Amid Stronger Dollar and Hawkish Fed Remarks

The price of gold and silver dropped on Tuesday in early U.S. trading due to a stronger dollar and hawkish Federal Reserve remarks, outweighing the impact of lower oil prices and Treasury yields.

Spot gold decreased by 0.15% to $4,336.50 per ounce, while spot silver fell 0.26% to $65.73 for the session.

The market remains focused on whether the Fed's September 16 rate increase was a single adjustment or the beginning of a longer tightening cycle, with policymakers warning that energy supply disruptions could sustain elevated inflation.