Gold, silver slip after Fed hike; another rate increase signalled. What it means for bullion - CNBC TV18

AI desk brief

Gold and silver slipped after the Fed raised rates 25bp and signalled another increase later this year, with COMEX gold down 0.88% to $4,348.90/oz and silver down 0.90% to $64.335/oz. The near-term focus for bullion is now the Fed’s forward guidance, US Treasury yields and the dollar, as higher yields raise the opportunity cost of holding non-yielding metals.

The piece notes that much of the hike was already priced in, but warns that a more restrictive Fed tone could leave gold vulnerable, while a cautious stance would support a rebound. It also flags offsetting supports from geopolitical risk, central-bank buying and structural silver demand, including Chinese gold ETF holdings rising to about 293 tonnes in August and a projected 46-million-ounce silver supply deficit in 2026.