Gold breaks $4,000, silver sinks 6.5% as stronger dollar deepens post-Fed selloff - Kitco PM Report

Kitco06-24 20:55

(Kitco NewsWire) - Spot gold and silver prices were sharply lower after the close on Wednesday, as a firmer U.S. dollar, post-Fed rate repricing and easing oil-supply fears outweighed residual haven ...

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Kitco PM Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-24 20:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/news/article/2026-06-24/gold-breaks-4000-silver-sinks-65-stronger-dollar-deepens-post-fed-selloff><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Kitco NewsWire) - Spot gold and silver prices were sharply lower after the close on Wednesday, as a firmer U.S. dollar, post-Fed rate repricing and easing oil-supply fears outweighed residual haven ...</p>\n\n<a href=\"https://www.kitco.com/news/article/2026-06-24/gold-breaks-4000-silver-sinks-65-stronger-dollar-deepens-post-fed-selloff\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AGG","symbol_name":"债券指数ETF-iShares Barclays综合国债","start_time":0,"source_url":"https://www.kitco.com/news/article/2026-06-24/gold-breaks-4000-silver-sinks-65-stronger-dollar-deepens-post-fed-selloff","article_id":"2646849106","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/news/article/2026-06-24/gold-breaks-4000-silver-sinks-65-stronger-dollar-deepens-post-fed-selloff","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2646849106","pubTimestamp":1782305700,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":"(Kitco NewsWire) - 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Spot gold and silver prices were sharply lower after the close on Wednesday, as a firmer U.S. dollar, post-Fed rate repricing and easing oil-supply fears outweighed residual haven demand tied to the U.S.-Iran situation. Silver took the brunt of the selling pressure. At the time of writing, spot gold was trading near $3,998.00 an ounce, down 2.73%, while spot silver was trading near $57.470, down 6.50% on the session.The latest market reaction remains Fed-led. The Federal Reserve left the target range for the federal funds rate at 3.50% to 3.75% on June 17, but the statement kept the focus on elevated inflation and included a direct price-stability signal. The post-meeting positioning has leaned toward higher-for-longer policy, with the dollar holding firm, front-end rate risk still elevated and non-yielding assets losing momentum. Gold futures settled the session at their lowest level since November, while bitcoin and silver also weakened as the same rate-sensitive trade hit hard assets and crypto.The Strait of Hormuz setup has shifted from outright closure risk to a fragile reopening trade. The waterway remains strategically central because it normally handles about one-fifth of global crude oil flows, but the latest shipping data point to limited transits resuming after the U.S.-Iran memorandum of understanding. That has reduced the immediate oil-supply shock premium and pulled Brent back toward the mid-$70s, easing some inflation fears. For gold, the result is a weaker haven impulse at the same time the dollar and Fed path are applying downside pressure.Energy and cross-asset markets reflected that de-escalation trade. Brent crude fell 3.8% to $73.87 a barrel, while the 10-year Treasury yield fell to 4.41%. U.S. equities finished mixed, with the S&P 500 down 0.1%, the Nasdaq Composite down 0.4% and the Dow Jones Industrial Average up 0.4%. Jim Krane, energy research fellow at Rice University’s Baker Institute, said “Stocks are running low,” a reminder that lower crude prices are not the same as a fully normalized physical market.The key outside markets see Nymex WTI crude oil prices lower and trading near the low-$70s a barrel, while Brent crude was near $73.87. The U.S. dollar index is firmer. The yield on the benchmark 10-year U.S. Treasury note is trading near the 4.4% area.Technically, market analyst Muhammad Umair identified $3,950 to $4,000 as the key support zone for spot gold, with a failure there exposing $3,850. Bulls’ next upside price objective is to push prices back above the $4,350 resistance region, with a sustained move targeting $4,500. Bears’ next near-term downside price objective is a break below $3,950, with deeper downside targets at $3,850. First resistance is seen at $4,000 and then at $4,350. First support is seen at $3,950 and then at $3,850.Spot silver bulls’ next upside price objective is to drive prices back above the $70.00 to $72.00 area, with a move above that zone targeting $78.60. The next downside price objective for the bears is a break below $55.00, with deeper downside targets in the $45.00 to $55.00 accumulation zone. First resistance is seen at $60.00 and then at $72.00. Next support is seen at $55.00 and then at $45.00.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646849106","isCrawlerRequest":true}