Fed in Focus as Metals Market Faces New Crossroads - UzDaily.uz

AI desk brief

Metals are at a macro crossroads ahead of the Fed, with markets almost fully pricing a 25bp hike and precious metals trading off the path for rates, yields and the dollar. Gold is around $4,330/oz and silver about $64.6/oz, both getting short-term support from cautious pre-Fed buying, but a hawkish signal could quickly renew pressure; a softer Fed tone would support a recovery.

Platinum is near $1,790/oz and palladium around $1,310/oz, with both tracking the broader precious-metals backdrop even as their fundamentals diverge. The article also highlights that Middle East tensions are not giving gold the usual safe-haven boost because markets are weighing the inflationary impact via oil and logistics, rather than the conflict alone.