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December 20, 2024

Gold and Silver Forecast: Fed Policies Restrain Gold Rally

Gold (XAU) and silver (XAG) prices remain under pressure from hawkish Federal Reserve policies and a robust dollar. Geopolitical uncertainties continue to heighten demand for safe-haven assets. However, the potential for further interest rate hikes limits the momentum of gold, pushing traders to consolidate their positions. Despite these challenges, the market eyes global developments closely. Investors are keen to gauge how these external factors will influence precious metal prices in the future. Thus, the focus remains on balancing risk in this uncertain environment.

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