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CNBC

23 Jun 2026, 13:52 UTC · 2h ago

Gold and silver tumble as rate-hike fears hit precious metals

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Gold and silver tumble as rate-hike fears hit precious metals

What the story claims

4 claims · each scored for market impact

What matters in this story

1
The Federal Reserve, under Kevin Warsh, held an unexpectedly hawkish meeting that increased expectations for a year-end interest rate hike. — Higher interest rates increase the opportunity cost of holding non-yielding assets like gold and generally tighten financial conditions for risk assets.
-0.80
2
Major financial institutions, including Bank of America and Deutsche Bank, have downgraded their gold price forecasts. — Downward revisions from influential institutional strategists shift market sentiment and can trigger further sell-offs.
-0.60
3
Deutsche Bank warned that three to four Fed rate hikes could drive gold prices as low as $3,800 an ounce. — This provides a specific, bearish downside target that anchors market fears regarding aggressive monetary tightening.
-0.50
4

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Gold and silver tumble as… — BAC -0.20 | NewsImpactScreener

Gold and silver tumble as rate-hike fears hit precious metals

What matters in this story

Fresnillo leads FTSE 100 fallers as silver slumps

Gold and silver tumble as rate-hike fears hit precious metals

What matters in this story

Fresnillo leads FTSE 100 fallers as silver slumps

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Gold and silver tumble as rate-hike fears hit precious metals

What matters in this story

Next reads from the same story arc

Fresnillo leads FTSE 100 fallers as silver slumps

Gold and silver tumble as rate-hike fears hit precious metals

What matters in this story

Next reads from the same story arc

Fresnillo leads FTSE 100 fallers as silver slumps

How each ticker is affected

Track these names every morning.

Impact by category

Biggest drivers

Most positively impacted

Most negatively impacted

Gold's Next Move Might Come Down To One Report This Thursday

Factory job cuts in June neared financial crisis and Covid levels, S&P says

Bank of America Sees Interest Rates Exploding Higher Soon: Play It Safe With 4 Dividend Giants

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The U.S. mortgage market is locked in a tug of war, leaving home buyers and refinancers caught between a brief respite in geopolitical tensions and a hawkish Fed