Search

Saved articles

You have not yet added any article to your bookmarks!

Newsletter image

Subscribe to the Newsletter

Join 10k+ people to get notified about new posts, news and tips.

Do not worry we don't spam!

Gold Stable Ahead of Fed Rate Decision; Silver Hits New High Over $60

Gold Stable Ahead of Fed Rate Decision; Silver Hits New High Over $60

Post by : Saif Rahman

Gold prices showed little movement on Wednesday as market participants await a potential interest rate reduction from the U.S. Federal Reserve alongside remarks from Chair Jerome Powell regarding future monetary policy. Meanwhile, silver continued its impressive ascent, exceeding $60 per ounce for the first time ever.

Spot gold dipped slightly by 0.2% to $4,199.92 per ounce, with U.S. gold futures for February delivery experiencing a similar decline of 0.2% to $4,228.10 per ounce. In contrast, silver surged by 1.2% to reach $61.37 per ounce after briefly touching a record of $61.61 earlier in the day.

Market analysts attribute silver’s rapid climb to robust industrial demand, constrained physical supply, and its recent classification as a critical mineral by the United States. "Silver surpassed the $60 mark, attracting short-term speculators and trend-followers into the market," explained Carsten Menke, an analyst at Julius Baer, pointing to the growing physical scarcity in the silver market.

This year, silver has surged an astonishing 113%, showcasing significant investor interest, while gold has remained relatively steady. Menke remarked that gold demand, as observed through physically-backed fund holdings, has lagged behind silver, which partly accounts for gold's subdued price growth.

On Tuesday, holdings in the largest gold-backed ETF, the SPDR Gold Trust, decreased by 0.1%. Conversely, the iShares Silver Trust experienced a 0.53% rise, indicating persistent interest in silver among investors.

The Federal Open Market Committee (FOMC) is currently engaged in a two-day meeting, with a rate-cut decision anticipated at 1900 GMT, followed by remarks from Powell at 1930 GMT. Markets indicate an 88% probability of a 25-basis-point interest rate reduction. Lower rates typically enhance the appeal of non-yielding assets like gold for investors.

Kevin Hassett, a White House economic advisor and a potential successor to Powell as Fed chair, noted that there is "ample room" for further rate cuts, albeit he warned that increasing inflation may complicate such plans.

RBC Capital Markets has upgraded its long-term projections for gold prices, predicting an average of $4,600 per ounce by 2026 and $5,100 per ounce by 2027. Analysts pointed to geopolitical uncertainties, relaxed U.S. monetary policy, and ongoing budget deficits as key drivers of higher gold prices.

As the Fed’s decision draws near, market eyes remain fixed on both the interest rate move and Powell’s insights, which could heavily influence the valuations of gold, silver, and other precious metals.

Gold remains firm for the time being, while silver keeps soaring, driven by both market anticipations and a rising interest in safe and industrial metals.

Dec. 10, 2025 3:02 p.m. 193

#Global News

Negeri Sembilan Govt Faces Crisis as Umno Withdraws Support
April 27, 2026 10 a.m.
All 14 Barisan Nasional assemblymen pull backing from Menteri Besar, raising concerns over political stability in the state
Read More
Wildfires Rage in Iwate, Japan: Over 3,000 Residents Evacuated
April 25, 2026 6:32 p.m.
Intense wildfires in Iwate, Japan, force evacuation of thousands as firefighters battle the flames amid challenging conditions.
Read More
Strasbourg Mosque Project Sparks Debate in France
April 25, 2026 6:12 p.m.
Large-scale mosque under construction raises questions over foreign funding, transparency, and role of religious infrastructure in Europe
Read More
Kathmandu Demolition Drive Targets Slum Areas
April 25, 2026 5:40 p.m.
Authorities clear encroachments with bulldozers as residents face displacement concerns amid urban reform push in Nepal’s capital
Read More
Microsoft Launches Voluntary Buyouts for U.S. Employees Amid AI Transition
April 25, 2026 6:03 p.m.
The tech giant introduces voluntary buyouts for around 7% of U.S. staff as part of its strategic shift toward AI and data center investment.
Read More
Gaza Residents Cast Votes in Historic Local Elections Amid Challenges
April 25, 2026 6:03 p.m.
Gaza locals participate in vital local elections for the first time in years, a beacon of hope amid ongoing struggles.
Read More
CMU-Q Celebrates Record Admissions at Marhaba Tartans Gathering
April 25, 2026 5:58 p.m.
Over 3,000 applicants and 140 seats welcomed at CMU-Q's Marhaba Tartans event. Dean Michael Trick commended the Class of 2030.
Read More
UAE Extradition: Teen Faces Charges in Westminster Murder
April 25, 2026 5:48 p.m.
Enzo Bettamio, 18, extradited from the UAE, faces charges for the murder of 27-year-old Kamonnan Thiamphanit in Westminster.
Read More
Alberta's Highway 63 Closed Due to Intense Snowstorm
April 25, 2026 5:38 p.m.
Severe snow and high winds render Highway 63 in Alberta impassable, stranding drivers and leading to perilous travel conditions.
Read More