Gold and Silver Price Forecast: Metals Face Pressure Ahead of the Fed - FXEmpire

AI desk brief

Gold and silver are under pressure ahead of the Fed, with higher oil prices feeding expectations of tighter policy and weighing on metals. Spot gold has broken the triangle pattern near $4,100 and is testing support at $3,950; a break lower opens $3,800, while recovery above $4,070 would target $4,250. Silver has broken below $55 and the $58 triangle support, leaving $49-$50 as the next key downside zone.