Gold and silver fall after Fed rate hike and tightening guidance
Gold and silver reversed sharply lower Wednesday after the Federal Reserve raised interest rates for the first time since 2023 and signaled additional tightening may still be needed, strengthening the dollar and pressuring non-yielding precious metals.
Gold and silver moved sharply lower Wednesday after the Federal Reserve raised interest rates for the first time since 2023 and signaled that additional tightening may still be needed. The move boosted the dollar and added fresh pressure on non-yielding precious metals. The Fed unanimously raised rates…