Gold and Silver Price Pullbacks May Offer Buying Opportunities Despite Hawkish Fed, Analyst Says

Analyst Simon-Peter Massabni of XS.com believes the drop in gold below $4,500 and silver to $66 an ounce after Fed Chair Kevin Warsh’s Jackson Hole speech could create buying chances. Warsh stressed inflation control, pushing markets to price in a 57% chance of a September rate hike. Massabni sees this as a short-term repricing of policy views rather than the end of the bull market. He highlights support from US debt growth, fiscal concerns and geopolitical risks, even as higher real yields apply pressure. For silver, the $66 level is a key test; holding above it and reclaiming $68-$70 would confirm the uptrend. Middle East tensions and oil near $90 add uncertainty but may boost safe-haven demand.