Hawkish rate bets weigh on gold and silver as tech sell-off hits markets
TL;DR
Gold and silver fell as tech-stock weakness and bets on higher rates after a hawkish Fed meeting reduced demand for safe-haven assets; gold futures hovered around $4,140/oz and silver near $62/oz, as banks downgraded forecasts and Deutsche Bank warned that 3–4 rate hikes could push gold to about $3,800, with a hold potentially lifting it toward $4,300.
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- Gold prices today, Monday, June 22: Gold stabilizes as Iran negotiations are underway Yahoo Finance
- Gold and silver firmer but Fed hike risk keeps metals capped - Kitco PM Report KITCO
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