June 30: Gold and silver prices extended losses as investor sentiment remained under pressure amid growing expectations around Federal Reserve monetary policy and potential interest rate adjustments.
Precious metals faced selling pressure as market participants weighed the impact of higher interest rates, which typically reduce the attractiveness of non-yielding assets such as gold and silver. A firmer US dollar also contributed to the downward trend in prices.
Analysts said uncertainty over the Federal Reserve’s future policy direction has led to cautious trading in commodity markets, with investors shifting toward yield-bearing and safer alternative assets.
Despite short-term volatility, experts noted that long-term demand for precious metals continues to be supported by global economic uncertainty and inflation-related concerns.
Market movements are expected to remain sensitive to upcoming macroeconomic data and policy signals from the US central bank.