{
    "success": true,
    "data": {
        "id": 1767538,
        "msgid": "gold-and-silver-prices-plunge-as-latest-forecasts-spark-concern-1779901384",
        "date": "2026-05-27 07:00:02",
        "title": "Gold and Silver Prices Plunge as Latest Forecasts Spark Concern",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Gold and silver prices plunged due to US interest rate hike expectations and Iran-related oil price surges, raising inflation concerns. Analysts warn of continued bearish pressure as higher bond yields and a stronger dollar weigh on gold, with UBS lowering its year-end target to $5,500. Markets await the US PCE inflation data to determine the Federal Reserve's next monetary policy steps.",
        "content": "<p>Jakarta, CNBC Indonesia - Gold and silver prices plummeted amid US\ninterest rate hike speculation.<\/p>\n<p>According to Refinitiv, gold closed at $4,508.46 per troy ounce on\nTuesday (26 May 2026), down 1.4%, reversing the previous day\u2019s 1.4%\ngain. Prices rose slightly on Wednesday (27 May 2026) to $4,506.42 per\ntroy ounce by 06:22 WIB, up 0.04%.<\/p>\n<p>Jim Wyckoff, an analyst at American Gold Exchange, cited Refinitiv:\n\u2018The bond market believes the next Federal Reserve move will be a rate\nhike, which is negative sentiment for the gold market today.\u2019<\/p>\n<p>Kevin Warsh was officially appointed as Federal Reserve Chair on\nFriday amid growing expectations that the US central bank will tighten\nmonetary policy. Markets currently anticipate a 25-basis-point rate hike\nby December. Although gold is considered a hedge against inflation, the\nyieldless metal typically faces pressure in high-interest-rate\nenvironments.<\/p>\n<p>Brent crude oil prices rose over 4% due to uncertainty over a\npotential US-Iran agreement and when shipping through the Strait of\nHormuz will normalise. Rising oil prices drive inflation as producers\npass on higher costs to consumers.<\/p>\n<p>\u2018Technically, the market remains bearish in the short term,\ntriggering technical selling,\u2019 Wyckoff added. He noted that markets will\nmonitor the release of the US Personal Consumption Expenditures (PCE)\nindex on Thursday to gauge inflation pressures and the Fed\u2019s future\nmonetary policy direction.<\/p>\n<p>Meanwhile, UBS cut its year-end gold price target by $400 to $5,500\ndue to ongoing risks from higher bond yields and a stronger US\ndollar.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/gold-and-silver-prices-plunge-as-latest-forecasts-spark-concern-1779901384",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}