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Gold, silver soften as markets price in December Fed hike risk

Traders are weighing a possible Federal Reserve rate hike in December, which would make credit cards and loans costlier; gold, meanwhile, is not enjoying the suspense.

On air: Kenji Moonfield and Vera Bullock on BBN This Morning
Published 8:34 AM ET, Tuesday, October 13, 2026

Photo: Szaaman · Public domain · Wikimedia Commons

▶ As it aired · Your Money

Watch it as it aired: Kenji Moonfield and Vera Bullock on this story, from BBN This Morning at 8:34 AM ET. Cartoon anchors, real headline: the facts are Kitco's, the jokes are ours.

Photo: Szaaman · Public domain · Wikimedia Commons

Photo: Gold bar — Photo: Szaaman · Public domain · Wikimedia Commons

At a glance

First reported by Kitco: “Gold, silver soften as markets price in December Fed hike risk - Kitco PM Report”.
Covered on BBN on Tuesday, October 13, 2026, at 8:34 AM ET on BBN This Morning, by Kenji Moonfield and Vera Bullock.
Topics: Fed, PM.
BBN covered this story before: S&P Futures 3:50 PM Candle: Up 0.05% on 2.6x Volume (October 7).

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

KitcoGold, silver soften as markets price in December Fed hike risk - Kitco PM Report

What BBN said about it

Vera Bullock · Co-AnchorYour money first: gold and silver both slipped this morning, as traders bet the Federal Reserve could raise interest rates again in December, according to Kitco.
Kenji Moonfield · Internet & Trends CorrespondentSo the shiny stuff you buy when you're scared got scared. That's like a lifeguard panicking at the pool.
Vera Bullock · Co-AnchorHigher rates mean gold pays you nothing while a savings account pays something, so some folks walk away from it. Simple.
Kenji Moonfield · Internet & Trends CorrespondentAnd a hike means my credit card gets more expensive, and the bank gets a nicer boat. Love that for us.
Vera Bullock · Co-AnchorWhich is why you pay the card down first. A hike is a December question, not a today question.
Kenji Moonfield · Internet & Trends CorrespondentPay it down with what?
Vera Bullock · Co-AnchorWith the money you save skipping the eight-dollar oat latte. I know, I know, you'd rather own a gold bar.
Kenji Moonfield · Internet & Trends CorrespondentStill ahead: what happens when a whole town takes on a giant? Spoiler, I'm rooting for the town.
Vera Bullock · Co-AnchorKenji, if you're nervous, what do you hold on to instead of gold?
Kenji Moonfield · Internet & Trends CorrespondentThe remote. Always the remote.

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