Fed Rate Hawks Crush Gold Price $150 to New 13-Month Low

AI desk brief

Gold fell $150 on Thursday to $3,853/oz, a reported 13-month low, while silver dropped more than $2 below $50/oz. The declines accompanied hawkish Fed remarks, a stronger dollar and a rise in 10-year Treasury yields above 5% for the first time in three weeks. Dallas Fed President Lorie Logan called for at least two further 25-basis-point hikes; CME FedWatch showed 94% odds of a quarter-point increase at the end-2026 decision. Further dollar strength could pressure bullion, although the reported nominal-yield rise alone does not establish higher real yields.