Gold and Silver Rebound as Oil Prices and Yields Fall After Fed Rate Hike

Friday's U.S. morning session saw spot gold and silver prices rise, driven by lower international crude oil prices, declining U.S. Treasury yields, and a weaker dollar.

The rebound in precious metals comes after Wednesday's Federal Reserve rate hike, which was met with a 25-basis-point increase and signaled further hikes could still be on the table through 2026.

Oil prices have been a major concern for gold investors, but Brent crude is now trading near $104 per barrel, while WTI hovers around $101 per barrel. This marks the third consecutive session of declines in oil prices.