Gold and Silver Face Inflation, Record Diesel Fuel Prices, Rising Treasury Yields and an Upcoming Fed Rate Hike

Gold and silver faced another volatile week as hotter inflation, rising Treasury yields, and renewed expectations for a Federal Reserve rate hike pressured precious metals. Gold finished near $4,348 per ounce, while silver held around $64.50, even as underlying investment demand remained strong. Global gold ETFs attracted approximately **$18 billion in August—the second-largest monthly inflow on record—**highlighting continued investor interest despite recent price weakness. Learn more about what the upcoming Fed decision, inflation pressures, and shifting global demand could mean for gold and silver in the week ahead.