Weaker than expected NFP report could pave the way for another rate cut in the US and that was exactly what precious metals needed to roar higher. Silver prices stormed higher (+4% from the daily low!) after a short (but dynamic) correction, platinum saw major gains too. Investors still await a speech from Fed’s Powell (5:30pm BST/6:30pm CEST) as it may have a major impact on weekly closing prices.
US Open: Nasdaq, gold and silver surge following... an interest rate hike (17.09.2026)
Chart of the day 🔼 Gold rebounds 1.3% despite hawkish Fed stance (17.09.2026)
📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls
Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.