Bullion Report: Gold and Silver Roar Back as Fed Shock Fades and Hormuz Risk Builds - CoinWeek

AI desk brief

Gold and silver rebounded sharply Friday after the Fed’s 25 bp hike was digested, with spot gold up about 0.7% to $4,372/oz and silver up more than 2% to roughly $66.70/oz. The move was helped by retreating Treasury yields, softer oil, and the unwinding of pre-Fed bearish positions, though a stronger dollar to a seven-week high capped some of gold’s gains.

The geopolitical floor remains intact: Iran said it struck a tanker in the Strait of Hormuz, while Kpler data showed only four commodity vessels moving through the waterway on Thursday versus a 10-day average of 16. Saudi Arabia’s alternative export routing is easing immediate supply fears, but the market is still balancing lower oil/inflation pressure against safe-haven demand. Gold resistance is seen around $4,400-$4,440, while silver has near-term technical resistance at $66.97 and $68.33.