Solid price pressure on gold, silver, amid hawkish Fed-speak – KITCO

Gold and silver are experiencing significant price pressure due to a hawkish stance from the Federal Reserve. The precious metals, typically seen as safe-haven assets during turbulent market conditions, are facing a potential downturn due to signals of rising interest rates and a roll-back of quantitative easing programs from the Federal Reserve. These factors have traditionally dampened the appeal of gold and silver, which do not generate a yield. However, analysts remain optimistic about the long-term prospects for gold and silver as inflation hedges and as potential beneficiaries of any future market volatility. Read More