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Commodities

Silver Holds Gains as Fed Rate Hike Odds Rise Amid Middle East Tensions

Guavy AI Editorial Team
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Oil Silver
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Silver prices have held gains above $57.50 despite rising odds of a Fed rate hike, according to the CME FedWatch tool.

The tool shows a 35.8% chance of a July Fed hike and an 82.1% probability for September, with higher oil prices tied to Middle East tensions strengthening bets on Fed rate hikes.

The US conducted strikes on Iran after Yemen's Houthi militant group attacked two Saudi tankers in the Red Sea, prompting US President Donald Trump to warn of 'major military punishment' for both the Houthis and Iran if attacks continue.

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