Kitco
29 Jun 2026, 21:39 UTC · 2h ago
Gold, silver weaken as Fed repricing overwhelms haven demand - Kitco PM Report
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Kitco
29 Jun 2026, 21:39 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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4 claims · each scored for market impact
The FOMC raised its median 2026 funds-rate path to 3.8% and increased the 2026 PCE inflation projection to 3.6%. — Higher long-term rate and inflation projections signal a more restrictive monetary environment, which typically pressures non-yielding assets like gold.
-0.80U.S. and Iran have agreed to cease hostilities and resume peace talks, mitigating immediate Middle East geopolitical shocks. — The reduction in geopolitical tension lowers the 'safe-haven' premium and demand for precious metals.
-0.60WTI crude oil prices rose to $70.75 and Brent to $73.15, contributing to higher inflation-risk and Treasury yield pressure. — Rising oil prices are fueling inflation concerns, which reinforces the Fed's hawkish tilt and pushes yields higher, offsetting gold's inflation-hedge appeal.
-0.40Continue reading
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The 10-year Treasury yield rose to approximately 4.4%, continuing the repricing of rate-sensitive assets. — Higher yields increase the opportunity cost of holding gold and silver, leading to price declines.
-0.30Which stocks this story touches
The bank is cutting its 2026 gold price targets due to dropping investor demand.
The company is cutting forecasts for gold and silver as yields and the dollar weigh on prices.
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