en.Wedoany.com Reported - Due to the more hawkish monetary policy signals released by the Federal Reserve at the conclusion of its June 17, 2026, policy meeting, international gold and silver prices fell sharply on June 18. Gold futures for August delivery on the New York Mercantile Exchange approached $4,200 per ounce that day, with a decline of over 3.5% at one point; silver futures for July delivery fell below $66 per ounce, with a drop of over 6.5% at one point.

The Fed kept the federal funds rate target range unchanged at 3.5% to 3.75% on the 17th. The Summary of Economic Projections released after the meeting showed a significant increase in the number of Fed officials expecting rate hikes this year. Market participants interpreted this as a more hawkish shift in the Fed's monetary policy stance, essentially ruling out the possibility of rate cuts this year. Following the release of the Fed's rate decision, U.S. Treasury yields rose and the dollar strengthened. The sharp decline in precious metal prices reflects the market's repricing of the duration of the Fed's tight monetary policy. As of the close on June 18, gold and silver futures prices had not recovered their intraday losses.

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