Us industrial output recorded a negative monthly rate of-1.3 per cent in September, the first negative since February.

Spot gold and silver fluctuated little in the short term after the monthly rate of US industrial output was released in September.

An unexpected decline in US factory production in September may reflect a backlog in the supply chain and a shortage of raw materials hampering manufacturing, according to the agency's monthly rate of industrial output in September. Strong demand from businesses and consumers keeps production at high levels, but it also leads to a backlog of orders as manufacturers struggle to gain access to raw materials and skilled labour. The lower-than-expected September data showed that producers continued to be dragged down by supply chain chaos.