Gold And Silver Futures Fall As Fed Indicates Future Hikes

Gold and silver futures fell after the Fed signaled possible future rate hikes. The central bank kept rates steady after its Wednesday meeting but said the economy is expanding at a solid pace despite uncertainty. Inflation remains above the 2% goal, with energy-price pressures cited as a contributing factor.

January’s rally had driven gold to about $5,600 per ounce and silver to around $120, though prices recently retreated to two-month lows. Analysts like BNP Paribas Fortis’ Philippe Gijsels warn that higher rates act like gravity, potentially pulling down precious metals as rate-hike expectations persist.