Fed’s ‘hawkish hold’ stabilizes gold and silver, but likely leaves markets in limbo until September – Experts

(Kitco News) – The Federal Reserve’s ‘hawkish hold’ was good news for gold and silver prices on balance, though it also served to push out the uncertainty surrounding inflation, interest rates and the broader market until after the summer, likely leaving the precious metals consolidating in their recent ranges for a little while longer, according to experts.Jesse Colombo, independent precious metals analyst and founder of the BubbleBubble Report, said precious metals breathed a sigh of relief after the Fed held rates steady.