Gold (XAU/USD) & Silver Price Forecast: Fed Tightening Caps Metals as Oil Eases - FXEmpire

AI desk brief

Gold and silver are caught between a hawkish Fed and softer oil: the Fed’s 25 bp hike to 3.75%-4.00% and guidance for more tightening is USD-supportive and a headwind for metals, while easing oil prices reduce inflation fears and help offset some of that pressure. The piece also flags ongoing geopolitical risk as a safe-haven support for gold, leaving the near-term macro view mixed and broadly neutral.

On the charts, gold is trading around $4,349 with $4,334 support and $4,400 resistance; a break above $4,400 would open $4,443/$4,475/$4,511, while failure of $4,334 would expose $4,304/$4,261. Silver is weaker at $65.94, with $65.64 key support and resistance at $67.24; below $65.64 the next downside levels are $64.36, $63.47 and $62.35.