Gold, silver hold weekly gains after Fed rate increase
Gold futures settled higher on the day and on the week despite higher Treasury yields and the Fed’s first rate increase since 2023, with silver also posting weekly gains per market talk.
Gold futures settled higher on the day and on the week, holding their ground despite the rise in Treasury yields and the Fed's first interest-rate increase since 2023. Gold and silver were once again holding key support levels, a positive sign that the metals' rally may be poised to gain traction.