Gold drops 1% after hawkish Fed rate hike, eyes key technical test
Gold slid over 1% to around $4,240 after the Federal Reserve raised rates to 3.75–4.00% and hinted at more tightening. The $4,320 level is now a key pivot point.
Gold Market
GoldRate Desk
Summaries produced by the GoldRate.info market desk from primary reporting, with sources linked on every article.
Silver slides 3% as dollar hits two-month high, daily range intact
Silver dropped nearly 3% on Wednesday as a hawkish Fed pushed the dollar to a two-month high. Despite the sell-off, the metal remains within its mid-August range, though the 4-hour chart shows growing bearish pressure.
Gold slips Rs 1,900 on MCX; silver firms as rate concerns persist
Gold gave up Rs 1,900 per 10 grams on MCX over three sessions while silver gained Rs 1,400 per kg. Inflation expectations and rate-hike worries are keeping the metals volatile.
Gold edges lower as US dollar strength weighs on bullion
Gold slipped on Wednesday as the US dollar held near multi-week highs, bolstered by the Federal Reserve’s hawkish stance and ongoing geopolitical risks.
Gold price range-bound near $4,350 as traders await Trump-Xi meeting
Gold is trading near $4,350 on Wednesday, retracing part of its rebound from sub-$4,300. The metal remains range-bound as traders await the Trump-Xi meeting and weigh conflicting drivers.
Military Metals receives $71,000 grant for West Gore antimony-gold project
Canadian junior Military Metals has secured a C$100,000 ($71,000) exploration grant from Nova Scotia for diamond drilling at the historic West Gore antimony-gold project, a past producer of strategic metals during World War One.
Aztec Minerals closes C$6.4 million bought deal for Arizona and Mexico projects
Aztec Minerals has closed an upsized C$6.4 million bought deal private placement. The funds will support exploration at its Tombstone gold-silver project in Arizona and the Cervantes gold-copper project in Mexico.
Gold pulls back from $4,376 as dollar strength and rate-hike bets weigh
Gold retreated from a daily high of $4,376 to trade at $4,337 on Tuesday. A stronger US Dollar, rising Treasury yields, and hawkish Fed bets weighed on the metal.
Gold and silver sidelined as financial markets rally
Gold and silver saw increased trading volume even without fresh economic data on Yom Kippur. Analyst Ira Epstein points to geopolitical talks and yield curve shifts as key influences.