Federal Reserve
The US central bank; its interest-rate decisions are among the biggest drivers of gold and silver demand, since both metals earn no yield and become relatively more attractive to hold when the path for rates flattens or falls.
Covered in 4 MetalsCost.com News Intelligence articles, most recently on August 15, 2026.
Coverage
Gold Settles Near $4,373 as a Retail Sales Slump Pushes September Fed Hike Odds Down to 29%
Gold closed at $4,373.50 and silver at $64.53 on August 14 after a 0.6% retail sales drop and a consumer-sentiment slide pulled September Fed hike odds to 29%, even as Treasury yields and Middle East tension capped the advance.
Central Banks Drive Gold's Best Month Since 1999 as Treasury Holdings Hit 14-Year Low
Gold surged about 10% since August 1 toward its best month since 1999, as record central bank gold buying — led by a record-reserve China — coincided with central banks' US Treasury holdings falling to a 14-year low.
Silver Surges 11% in Ten Days, Compressing the Gold-Silver Ratio to 67 as Fed Holds Through a Rare Hawkish Dissent
Silver rallied 11% in ten days to $65.32 an ounce on cooling US inflation, compressing the gold-silver ratio to 67 even as the Federal Reserve held rates through a rare three-way hawkish dissent.
Silver Pins a Seven-Week High on the 200-Day Average as a Hawkish Fed Dissent Clouds the Rally
Silver trades at $65.36, testing its 200-day moving average after surging over 10% in a week to a near seven-week high, with a hawkish Fed dissent and Tuesday's US CPI print now driving the next move.
