Hawkish Fed keeps pressure on gold as physical premiums soften

Spot gold and silver are weaker in thin holiday trading, with U.S. markets closed for Juneteenth and rate-sensitive flows pressuring precious metals after this week's Federal Reserve meeting. The move appears driven by higher-for-longer interest-rate expectations and reduced liquidity rather than any new fundamental shock.

Analysis

Spot gold and silver are weaker in thin holiday trading, with U.S. markets closed for Juneteenth and rate-sensitive flows pressuring precious metals after this week's Federal Reserve meeting. The move appears driven by higher-for-longer interest-rate expectations and reduced liquidity rather than any new fundamental shock.