Gold (XAU/USD) & Silver Price Forecast: Softer Dollar Lifts Metals After Fed - FXEmpire

AI desk brief

Gold and silver are framed as modestly bullish near term as the post-Fed drop in U.S. yields and the softer dollar ease pressure on metals, while lower oil prices reduce inflation fears. The piece notes the 10-year Treasury yield fell to 4.96% after the FOMC hike to 3.75%-4.00%, with markets still pricing at least one more hike this year but seeing the immediate macro backdrop as supportive for XAU/XAG.

Gold is quoted at $4,383.41 after breaking above a descending trendline and $4,334.25 support, with upside tests at $4,402.81 and $4,443.19; support sits at $4,253.31 and $4,283.19 if the move fails. Silver is trading at $66,71.09, having cleared $65.64, with $67.24 the next trigger and potential follow-through to $68.33 and $69.45, while a break back below $65.64 opens $64.36 and $63.47.