Gold and Silver Prices Climb Amid Easing Yields Post-Fed Rate Increase

Spot gold traded near $4,372.30 an ounce and silver near $65.477 as prices recovered after the Fed raised rates by 25 basis points to 3.75–4.00%. Chair Kevin Warsh pointed to persistent inflation and resilient labor data, with initial jobless claims falling to 196,000. Treasury yields eased, the two-year at 4.72% and the ten-year near 5.00%, while the dollar softened.