Gold, silver rates today: Gold prices remain above $4,400, silver prices at $68/oz. How to trade?
Gold and silver prices fell in Thursday's trading session following the US Federal Reserve's policy decision to keep interest rates unchanged. The prices were also affected by the ongoing US-Iran conflict and rising crude oil prices, which have raised concerns about inflation.
The US Federal Reserve decided to keep interest rates steady, which led to a decline in gold and silver prices. Gold traded lower near $4700, while silver witnessed a sharp sell-off, touching an intraday low of $70.148/oz. The fall is driven by the US Fed's hawkish stance and rising crude oil prices. Gold has broken below the crucial $4,800 support, with the next support at $4,700. Similarly, silver's crucial support is placed at $70 per ounce. The current environment is dominated by inflation-led policy-tightening expectations, which are negative for non-yielding assets like gold.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.