# Gold, silver sink as dollar tests yearly highs following hawkish Fed - Kitco PM Report | Kitco News

> 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.

- Date: 2026-06-18 · published 2026-06-18T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/18710-gold-silver-sink-as-dollar-tests-yearly-highs-following-hawkish-fed-kitco-pm
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-23 | [Gold, silver slammed as hawkish Fed repricing reignites dollar upside](https://feedsoft.ai/events/17389-gold-silver-slammed-as-hawkish-fed-repricing-reignites-dollar-upside.md) | +1.2% | +1.5% |
| DXY | 2026-06-17 | [Gold retreats as Fed signals rate hike ahead, dollar strengthens \| Kitco News](https://feedsoft.ai/events/18712-gold-retreats-as-fed-signals-rate-hike-ahead-dollar-strengthens-kitco-news.md) | +1.8% | +0.9% |
| DXY | 2020-09-23 | [Gold and Silver Hit by Hawkish Fed Boost to Dollar - Markets Insider](https://feedsoft.ai/events/51033-gold-and-silver-hit-by-hawkish-fed-boost-to-dollar-markets-insider.md) | +0.8% | -1.4% |
| DXY | 2024-04-30 | [Gold, silver pounded on notions FOMC leans even more hawkish \| Kitco News](https://feedsoft.ai/events/30633-gold-silver-pounded-on-notions-fomc-leans-even-more-hawkish-kitco-news.md) | -0.5% | -0.9% |
| DXY | 2022-11-03 | [Gold dips as hawkish U.S. Fed lifts dollar, yields](https://feedsoft.ai/events/38593-gold-dips-as-hawkish-u-s-fed-lifts-dollar-yields.md) | -1.0% | -4.2% |

## Sources

- kitco.com: https://www.kitco.com/news/article/2026-06-18/gold-silver-sink-dollar-tests-yearly-highs-following-hawkish-fed-kitco-pm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.