Gold & Silver Market News — Jun 26, 2026, 08:10–12:10 UTC
Precious Metals See Volatility
Gold prices declined in the Indian market during Friday's session. Silver also experienced a significant down leg, dropping below $56.00 before paring some of its losses and rebounding to approach $58 as the session progressed.
Shifting Fed Rate Hike Expectations Drive Markets
Precious metals prices were initially pressured by a firm US Dollar, which drew support from market expectations for future Federal Reserve rate hikes. However, the dollar later weakened and rate hike odds faded following the release of US Personal Consumption Expenditures (PCE) inflation data, which eased some inflation concerns.
Broader Markets Hit by Risk-Off Sentiment
A wider risk-off mood prevailed in global markets, driven by a selloff in technology stocks that weighed on equity futures and overall market sentiment. Geopolitical anxieties, including risks related to the Strait of Hormuz and energy markets, further contributed to a cautious trading environment.
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