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Spot gold fell to near $4,214 and spot silver dropped over 3% as the dollar tested yearly highs after the Fed's hawkish signal. The statement and projections kept rate-hike risk alive, with a 3.8% median fed funds rate for 2026.
US stocks rebounded on the day.
Dollar strength driven by rate-hike repricing tends to weigh on dollar-priced commodities and supports the USD side of feed import costs. The move is macro-driven rather than a change in grain or meal fundamentals.
kitco.comKitco NewsWireJun 18, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
