Gold Retreats as Fed Signals Pause While Silver Hits All-Time High on Industrial Demand
Fed's hawkish pause triggers gold profit-taking; silver surges to record high.
Precious metals markets diverged sharply on Thursday as traders digested the Federal Reserve's unusual divided vote on a quarter-point interest rate cut, with gold experiencing profit-taking while silver surged to a new all-time high. The contrasting performance highlights shifting investor expectations about monetary policy and the distinct fundamental drivers supporting each metal.
As of 0947 GMT, spot gold declined 0.2% to $4,220.09 per ounce, while U.S.
US gold futures for February delivery rose 0.5% to $4,247.50. The pullback came despite the Fed delivering the widely anticipated rate cut, suggesting markets had already priced in the move.
US gold futures for February delivery rose 0.5% to $4,247.50. The pullback came despite the Fed delivering the widely anticipated rate cut, suggesting markets had already priced in the move.
