Gold and silver prices have climbed amidst market participants\nincreasingly factoring in tighter monetary policies from the United\nStates Federal Reserve (The Fed) this year. Investors are also\ncontinuing to monitor developments in the Middle East conflict.<\/p>\n
According to Refinitiv, gold prices closed at US$ 4,354.74 per troy\nounce on Tuesday (2\/22\/2026), marking a slight increase of 0.27%. This\nrise follows a 0.8% decline in gold prices on Monday.<\/p>\n
As of Wednesday (2\/23\/2026) at 06:28 WIB, gold prices strengthened by\n0.17% to US$ 4,362.35 per troy ounce.<\/p>\n
\u201cThe issue is that, even though oil prices have fallen slightly, the\nmarket is still strongly pricing in a Fed interest rate hike. In recent\ndays, the US dollar has also strengthened, which typically exerts\npressure on gold,\u201d said Bart Melek, head of global commodity strategy at\nTD Securities, as quoted by Refinitiv.<\/p>\n
Traders now see a 90% probability of the Fed raising interest rates\nin December, according to the CME FedWatch Tool.<\/p>\n
The market is focused on the potential for monetary tightening after\nSt.\u00a0Louis Fed President Alberto Musalem and Chicago Fed President Austan\nGoolsbee hinted at the need for further rate hikes to curb inflation\ndriven by strong demand and rising energy prices.<\/p>\n
Notably, the Fed raised interest rates last week. Fed Chair Kevin\nWarsh also hinted that further rate hikes could occur in the coming\nmonths.<\/p>\n
Since the US-Israel war against Iran broke out in late February,\nrising energy prices have heightened inflation concerns and prompted\ncentral banks in various countries to maintain tight monetary policies.\nThese conditions have pressured gold prices, which have plummeted more\nthan 22% since hitting a record high of US$ 5,594.82 per ounce in\nJanuary.<\/p>\n
While gold is traditionally considered a hedge against inflation, its\nappeal diminishes when interest rates are high, as investors have access\nto alternative assets that generate yields.<\/p>\n
Oil prices also fell to a two-week low on Tuesday as the supply\noutlook from the Gulf region improved. Iran has hinted it could reopen\nthe Strait of Hormuz within seven days, while Saudi Arabia prepares to\ncontinue exports from the port of Yanbu.<\/p>\n
Silver prices have moved in tandem with gold. According to Refinitiv,\nsilver prices closed at US$ 67.08 per troy ounce on Tuesday (2\/22\/2026),\nsurging by 1.6%.<\/p>\n
This increase follows a 0.8% decline in silver prices on Monday. As\nof Wednesday (2\/23\/2026) at 06:28 WIB, silver prices strengthened by\n0.5% to US$ 67.35 per troy ounce.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/gold-and-silver-prices-rise-but-more-traders-opt-for-caution-1790124705", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }