Hawkish Fed Sustains Pressure on Gold as Physical Premiums Ease

In thin holiday trading spot gold slipped near $4,154.70 an ounce, down 1.28%, and silver fell 1.33% to $64.71. The Fed held its 3.50–3.75% target range yet turned more hawkish, prompting markets to price in 2026 hikes with July odds at 38.5% and September at 51.7%.