Spot gold edged lower while silver rose, as falling oil prices and easing expectations of an October Fed hike supported precious metals amid mixed inflation reports.
Posts tagged as “Federal Reserve”
The Federal Reserve lifted its benchmark rate by a quarter‑point to a 3.75‑4% range, its first hike in more than three years, as fuel‑price‑driven inflation pressures mount.
Gold and silver fell on September 2 as fresh U.S.-Iran clashes revived inflation worries, lifted Treasury yields and boosted expectations of a September Fed rate hike.
Gold and silver fell in early Asian trade on Aug. 31 as US‑Iran tensions lifted oil prices and bond yields, while analysts still see a chance for a year‑end rally.