Gold, silver slide after Fed's 25-bp hike; Warsh hints at further tightening
AI Market Summary
Gold and silver weakened after the Federal Reserve raised rates by 25bp and Chair Kevin Warsh indicated additional tightening may be needed. Higher policy rates and a more hawkish path tend to lift real yields and the opportunity cost of holding non-yielding metals, pressuring bullion. Near-term pricing is likely to stay sensitive to rate expectations and incoming US inflation and labor-market data.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT+0.49%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Gold and silver prices moved lower after the Federal Reserve lifted interest rates by 25 basis points. Spot gold was trading around $4,261.80, down 0.72%, while silver stood at $62.82, off 1.16%, after Fed Chair Kevin Warsh signalled that additional tightening may still be needed.
