Gold (XAU/USD) & Silver Price Forecast: Metals Rebound but Hawkish Fed Caps Upside - FXEmpire

AI desk brief

Gold and silver rebounded as lower oil prices eased near-term inflation fears, but the Fed’s hawkish 25 bp hike and guidance for a higher terminal path kept the dollar and short-end yields supportive of a more cautious precious-metals backdrop. The piece argues that a fourth hike this year is still around a 50% probability, limiting upside despite safe-haven demand tied to West-Iran tensions.

Technically, gold is trading around $4,321 after bouncing from $4,256-$4,283 support, with $4,354 the key upside trigger and $4,403/$4,434 seen above that; a break back below $4,256 would negate the near-term rebound. Silver is around $64.09 after reclaiming $63.44, with $64.86 first resistance and $65.73-$66.99 above, while $62.38 is the key support.