Gold and Silver Edge Higher but Fed Hike Risks Cap Gains

Spot gold climbed to around $4,190.60 per ounce, up 1.21%, while silver reached $65.21, gaining 0.47%. Post-Fed repricing now shows a 90% chance of at least one rate hike by year-end, lifting the 10-year Treasury yield to 4.50% and capping precious metals advances.