Overview
- Spot gold traded in the mid-$4,500s per ounce Wednesday, down about 3% from the prior close, according to USA TODAY’s 8:05 a.m. ET read.
- In India, 24-carat retail rates hovered near ₹150,000 per 10 grams across major cities, while MCX June futures changed hands around ₹1,50,120 per 10 grams.
- Silver stayed volatile near $73–$76 an ounce, with Indian one‑kilogram quotes swinging between roughly ₹2.38 lakh and ₹2.65 lakh this month.
- Rising crude tied to Strait of Hormuz disruptions and a firmer dollar pressured non‑yielding metals as traders trimmed positions ahead of the Federal Reserve’s policy statement.
- Even with the pullback, Deutsche Bank flagged sustained central‑bank buying and said prices could climb toward $8,000 over five years.