FOMC Meeting Minutes (Aug 19)
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XAU/USD: Silver Rallies 10% on Jobs Miss, Yield Risk Looms
Silver surged nearly 10% following July's Non-Farm Payrolls miss of -23,000 jobs, prompting rate-cut pricing. However, bond market volatility threatens to undermine the rally. Traders must monitor yield movements closely as rising rates typically pressure precious metals. The fragility of the current move depends on whether economic weakness persists or bonds stabilize.
https://www.actionforex.com/contributors/technical-analysis/651114-xag-usd-analysis-silver-surges-on-jobs-data-yields-threaten-to-end-it/Gold Supported by BoJ Tightening and Fed Rate-Hike Uncertainty
BoJ accelerated tightening will support the yen, while the new Fed Chair's preference for market-driven monetary policy could reduce 2026 rate-hike odds. This weakens the greenback and lifts gold. Treasury yield dynamics remain a key driver. Gold could extend gains if Fed rate-hike expectations continue to fade.
https://www.actionforex.com/contributors/fundamental-analysis/651108-gold-has-more-to-offer/FOMC holds rates, three dissent for 25bp hike
July FOMC minutes show Fed held rates at 3.5–3.75%, with three dissenters (Hammack, Kashkari, Logan) backing a 25bp increase. Core PCE remains elevated at 3.3%; unemployment at 4.2%. Market has fully priced dovish Fed pivot; further hold-rate headlines lack fresh catalytic power absent new fundamental shifts.
https://www.federalreserve.gov/monetarypolicy/fomcminutes20260729.htm
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