Gold slides Rs 9,500 per 10 grams in four days; silver down Rs 7,700 per kg as September Fed hike odds rise
AI Market Summary
Comments from Fed Chair Kevin Warsh revived expectations of further tightening, lifting September hike odds and pushing real-rate sensitivity back into focus. Higher policy-rate expectations reduce the appeal of non-yielding metals, contributing to a multi-session drawdown in gold and silver and fresh cycle lows in spot gold. This week's U.S. labor data is a near-term catalyst that could reinforce or challenge the repricing in rates.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-1.80%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Federal Reserve Chair Kevin Warsh said policymakers still “have work to do” if they do not gain enough confidence that inflation is moving toward the 2% target, lifting expectations for a September rate increase. Gold has fallen for four straight sessions, down Rs 9,500 per 10 grams, while silver is down Rs 7,700 per kg over three sessions. Spot gold hit its lowest level since August 19 during the session.
