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Gold and Silver Prices Drop Ahead of Fed Decision

12/9/2025

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Summary

Story summary

Gold and silver prices declined as bond yields rose while traders awaited the Federal Reserve's rate decision on Wednesday.
Treasury yields rose ahead of a series of auctions, impacting precious metals due to their lack of interest payments, as China's central bank increased its gold reserves for the 13th consecutive month to about 74.12 million troy ounces.
Kevin Hassett, a potential Federal Reserve chair, said it would be irresponsible to outline a six-month rate plan.
Swap traders expect a quarter-point rate cut, with two additional cuts by the end of 2026.
Silver has surged over 100% this year due to a historic short squeeze.

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Story summary

Gold and silver prices declined as bond yields rose while traders awaited the Federal Reserve's rate decision on Wednesday.
Treasury yields rose ahead of a series of auctions, impacting precious metals due to their lack of interest payments, as China's central bank increased its gold reserves for the 13th consecutive month to about 74.12 million troy ounces.
Kevin Hassett, a potential Federal Reserve chair, said it would be irresponsible to outline a six-month rate plan.
Swap traders expect a quarter-point rate cut, with two additional cuts by the end of 2026.
Silver has surged over 100% this year due to a historic short squeeze.