Archive · 30 Jul 2026
Fed Rate Decision Boosts Gold, Silver; Trump Escalates Middle East
The U.S. Federal Reserve decided not to raise interest rates, keeping them at 3.50%-3.75%.
Because of this, the U.S. dollar fell a little, which made gold and silver cheaper for people who use other currencies, so their prices went up.
Meanwhile, President Donald Trump said Iran would "get a beating" and called Iran-backed militias a "cancer on the world."
His comments made oil prices jump because people worried about fighting in the Middle East.
The news shows how decisions by the Fed and political statements can change the prices of metals and oil.
Fed left benchmark interest rates unchanged at 3.50%-3.75%, keeping rates steady for the fifth consecutive meeting.
Gold futures rose 2% to $4,115/oz, silver futures up 3.5% to $59.40/oz, recovering prior losses.
U.S. dollar index fell to 101.2, weakening the dollar and supporting precious metal prices.
Trump warned Iran would "get a beating" and called Iran-backed militias a "cancer on the world," sparking oil price spikes.
Brent crude rose 7.5% to $88.13/barrel, WTI to $85.53/barrel amid heightened Middle East tensions.
- Who
- U.S. Federal Reserve and U.S. President Donald Trump
- What
- Fed left rates unchanged, gold and silver prices rose, Trump warned Iran
- When
- Wednesday, during the Fed’s fifth consecutive meeting
- Where
- U.S. financial markets and the Middle East
- Why
- Fed decision weakened the dollar and supported metals; Trump’s remarks heightened geopolitical risk
- Federal Reserve rate decision
- kept unchanged at 3.50%-3.75%
- Gold price
- $4,115 per ounce
- Silver price
- $59.40 per ounce
- Dollar Index
- 101.2
- Brent crude price
- $88.13 per barrel