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Gold Holds Gain After Warsh Remarks Ease Fed Rate-Hike Prospects

Gold Holds Gain After Warsh Remarks Ease Fed Rate-Hike Prospects
Bloomberg Markets Thursday 02 July 2026, 00:28 UTC By Yihui Xie 1 min read
Key Points

Gold Holds Gain After Warsh Remarks Ease Fed Rate-Hike Prospects Gold held a rebound after a speech by US Federal Reserve Chairman Kevin Warsh dampened speculation the central bank may hike interest rates this year to tackle inflation. Bullion was trading around $4,050 an ounce after closing up 0.6% on Wednesday, snapping two days of declines. Warsh’s less-hawkish-than-feared comments to the European Central Bank forum in Portugal on Wednesday eased concerns about the Fed’s next moves after...

Gold Holds Gain After Warsh Remarks Ease Fed Rate-Hike Prospects Gold held a rebound after a speech by US Federal Reserve Chairman Kevin Warsh dampened speculation the central bank may hike interest rates this year to tackle inflation. Bullion was trading around $4,050 an ounce after closing up 0.6% on Wednesday, snapping two days of declines. Warsh’s less-hawkish-than-feared comments to the European Central Bank forum in Portugal on Wednesday eased concerns about the Fed’s next moves after the Middle East war pushed up energy prices and inflation indicators. Higher borrowing costs are a headwind for non-yielding metals.
Gold Holds Gain (ORG) US Federal Reserve (ORG) Kevin Warsh (PERSON) Warsh (PERSON) the European Central Bank (ORG) Portugal (LOCATION) Fed (ORG) the Middle East (LOCATION)
Originally published by Bloomberg Markets Read original →

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