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Gold breaks $4,000, silver sinks 6.5% as stronger dollar deepens post-Fed selloff - Kitco PM Report
Spot gold and silver prices were sharply lower after the close on Wednesday, as a firmer U.S. dollar, post-Fed rate repricing and easing oil-supply fears outweighed residual haven demand tied to the U.S.-Iran situation. Silver took the brunt of the selling pressure. At the time of writing, spot gold was trading near $3,998.00 an ounce, down 2.73%, while spot silver was trading near $57.470, down 6.50% on the session. The latest market reaction remains Fed-led. The Federal Reserve left the target range for the federal funds rate at 3.50% to 3.75% on June 17, but the statement kept the focus on elevated inflation and ... (full story)
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Spot gold prices slipped below a key psychological level of US$4,000 per ounce level for the first time since November 2025 on Wednesday, under pressure from a firmer U.S. dollar and growing expectations that interest rates will remain elevated. The U.S. dollar firmed, making dollar-priced bullion more expensive for holders of other currencies. Traders have ...
From kitco.com | 27 hr ago
Surging momentum in the U.S. dollar and elevated bond yields are taking their toll on the precious metals market, with gold prices dropping below $4,000 an ounce and hitting a new low for the year. Meanwhile, silver prices have fallen below $60 an ounce. Although gold and silver's bear-market correction from their record highs in January has surprised some ...
Gold prices extended losses on Thursday, hovering near the more-than-seven-month low hit a day earlier, as the dollar held firm on rising expectations of Federal Reserve interest rate hikes. Spot gold was down 0.4% at $3,985.89 per ounce, as of 0043 GMT, after hitting its lowest level since November 2025 on Wednesday. US gold futures for August delivery ...
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- Jun 24, 5:01pm | 23 hr ago Posted byFundamental Analysis83
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