Gold and silver futures fell Thursday morning after the Federal Reserve held interest rates steady but indicated rate hikes could come this year, though some analysts have said the United States and Iran’s peace agreement has offered metals some support.
Gold and silver futures fell Thursday. (AP Photo/Sakchai Lalit)
Gold futures are down about 2.5% Thursday morning, reaching a price of $4,280.10.
Silver futures fell further, down about 5% to a price of $67.22.
The Federal Reserve on Wednesday made its first decision on interest rates under President Donald Trump-appointed chair Kevin Warsh, as the Federal Open Market Committee voted unanimously to hold rates between 3.5% and 3.75%.
