# Gold, silver pounded on notions FOMC leans even more hawkish | Kitco News

> Gold and silver fell sharply on Tuesday as traders expected the Fed's policy meeting to signal higher-for-longer interest rates. June gold was down about $49 near $2,308 and July silver was down about 95 cents.

- Date: 2024-04-30 · published 2024-04-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/30633-gold-silver-pounded-on-notions-fomc-leans-even-more-hawkish-kitco-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of tighter policy strengthen the dollar and raise financing costs across commodities, a pressure that can weigh on grain and oilseed prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-18 | [Gold, silver sink as dollar tests yearly highs following hawkish Fed - Kitco PM Report \| Kitco News](https://feedsoft.ai/events/18710-gold-silver-sink-as-dollar-tests-yearly-highs-following-hawkish-fed-kitco-pm.md) | +1.4% | +1.0% |
| DXY | 2026-06-18 | [Fed Holds Rates, New Chair Leans Hawkish, Gold Down but Not Out \| Investing.com](https://feedsoft.ai/events/18709-fed-holds-rates-new-chair-leans-hawkish-gold-down-but-not-out-investing-com.md) | +1.4% | +1.0% |
| 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 | 2025-10-29 | [Gold retreats as Powell tempers rate cut expectations despite Fed easing \| Kitco News](https://feedsoft.ai/events/22323-gold-retreats-as-powell-tempers-rate-cut-expectations-despite-fed-easing-kitco.md) | +1.0% | +0.5% |
| 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% |

## Sources

- kitco.com: https://www.kitco.com/news/article/2024-04-30/gold-silver-pounded-notions-fomc-leans-even-more-hawkish

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