{"id":128545,"date":"2026-06-17T12:46:11","date_gmt":"2026-06-17T08:46:11","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=128545"},"modified":"2026-06-17T12:46:15","modified_gmt":"2026-06-17T08:46:15","slug":"gold-pauses-after-four-day-rally-as-fed-decision-looms-world-gold-council-survey-shows-central-banks-buying-more","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-pauses-after-four-day-rally-as-fed-decision-looms-world-gold-council-survey-shows-central-banks-buying-more\/06\/17\/market-updates\/","title":{"rendered":"Gold Pauses After Four-Day Rally as Fed Decision Looms: World Gold Council Survey Shows Central Banks Buying More"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Gold steadies:<\/strong> Spot gold edged down 0.1% to $4,327.56 per ounce, while gold futures ticked 0.2% lower to $4,347.26 \u2014 pausing after four straight sessions of gains.<\/li>\n\n\n\n<li><strong>Rebounding from depths:<\/strong> Bullion has recovered significantly from recent multi-month lows near $4,000 per ounce.<\/li>\n\n\n\n<li><strong>Iran deal the catalyst:<\/strong> The peace accord \u2014 including Iran&#8217;s oil export resumption and ceasefire extension \u2014 has pushed crude sharply lower and eased inflation shock fears.<\/li>\n\n\n\n<li><strong>Rate hike bets retreat:<\/strong> Lower energy prices are prompting investors to scale back monetary tightening expectations \u2014 a tailwind for non-yielding gold.<\/li>\n\n\n\n<li><strong>Dollar near 10-day low:<\/strong> The greenback&#8217;s retreat has provided additional support for bullion.<\/li>\n\n\n\n<li><strong>Fed decision today:<\/strong> Chair Kevin Warsh&#8217;s first policy announcement is the day&#8217;s key event; rates widely expected to hold.<\/li>\n\n\n\n<li><strong>Dot plot in focus:<\/strong> Investors will scrutinize updated economic projections for clues on whether the Fed still sees scope for easing later in 2026.<\/li>\n\n\n\n<li><strong>Hawkish risk remains:<\/strong> A hawkish tone from Warsh could lift Treasury yields and the dollar, potentially capping gold&#8217;s rally.<\/li>\n\n\n\n<li><strong>Central banks still buying:<\/strong> A World Gold Council survey showed 45% of central bank reserve managers plan to increase gold holdings over the next year.<\/li>\n\n\n\n<li><strong>Silver rises:<\/strong> Spot silver gained 0.5% to $70.34 per ounce.<\/li>\n\n\n\n<li><strong>Platinum slips:<\/strong> Spot platinum fell 1.1% to $1,788.72 per ounce.<\/li>\n\n\n\n<li><strong>Copper advances:<\/strong> LME copper edged up 0.3% to $13,833.33 per ton; U.S. copper futures rose 1% to $6.54 per pound.<\/li>\n<\/ul>\n\n\n\n<p>Gold prices held steady on Wednesday after four consecutive sessions of gains, as an interim U.S.-Iran peace agreement eased some concerns about energy-driven inflation, while investors awaited the outcome of the Federal Reserve&#8217;s policy meeting later in the day.<\/p>\n\n\n\n<p>Spot gold edged down 0.1% to $4,327.56 an ounce by 03:14 ET (07:14 GMT), while U.S. gold futures ticked 0.2% lower to $4,347.26 per ounce.<\/p>\n\n\n\n<p>The precious metal advanced in the last four sessions after rebounding from recent multi-month lows near $4,000 per ounce.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Iran Deal Eases Inflation Fears<\/h3>\n\n\n\n<p>Sentiment was supported by optimism surrounding the U.S.-Iran accord aimed at ending hostilities in the Middle East.<\/p>\n\n\n\n<p>The agreement \u2014 which includes provisions allowing Iran to resume oil exports and extends a ceasefire while negotiations continue \u2014 has helped push crude prices sharply lower and eased fears of a renewed inflation shock.<\/p>\n\n\n\n<p>Lower energy prices have prompted investors to scale back expectations for tighter monetary policy, a positive development for non-yielding bullion.<\/p>\n\n\n\n<p>Gold has also benefited from the resulting decline in the U.S. dollar, with the Dollar Index hovering near a 10-day low.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Fed Decision the Day&#8217;s Pivotal Event<\/h3>\n\n\n\n<p>The market&#8217;s focus is now squarely on the Federal Reserve&#8217;s first policy announcement under Chair Kevin Warsh. The central bank is widely expected to keep interest rates unchanged, but investors will closely scrutinize updated economic projections and the so-called dot plot for clues on the future path of policy.<\/p>\n\n\n\n<p>Markets are particularly sensitive to any signal on whether policymakers still see scope for easing later this year. A hawkish tone from the Fed could lift Treasury yields and the dollar \u2014 potentially capping gold&#8217;s recent rally.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Central Banks Remain Structurally Bullish on Gold<\/h3>\n\n\n\n<p>Underlying demand for gold also remains robust. A recent World Gold Council survey showed that 45% of central bank reserve managers expect to increase their gold holdings over the next year \u2014 underscoring continued interest in the metal as a portfolio diversifier and geopolitical hedge.<\/p>\n\n\n\n<p>Among other precious metals, silver prices rose 0.5% to $70.34 per ounce, while platinum fell 1.1% to $1,788.72 per ounce.<\/p>\n\n\n\n<p>Benchmark copper futures on the London Metal Exchange edged up 0.3% to $13,833.33 a ton, while U.S. copper futures rose 1% to $6.54 per pound.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Gold steadies: Spot gold edged down 0.1% to $4,327.56 per ounce, while gold futures ticked 0.2% lower to $4,347.26 \u2014 pausing after four straight sessions of gains. Rebounding from depths: Bullion has recovered significantly from recent multi-month lows near $4,000 per ounce. Iran deal the catalyst: The peace accord \u2014 including Iran&#8217;s oil &hellip;<\/p>\n","protected":false},"author":9,"featured_media":116449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-128545","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=128545"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128545\/revisions"}],"predecessor-version":[{"id":128546,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128545\/revisions\/128546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/116449"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=128545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=128545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=128545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}