Gold Holds Above $4,330, Silver Near $69.94 as Traders Await Fed Decision and Warsh's First Press Conference on June 17

According to Kitco NewsWire, spot gold was trading near $4,334.10 per ounce, up 0.06%, while spot silver was at $69.935, down 0.14%, on Wednesday morning as U.S. equity futures edged higher and crude oil remained below $80 a barrel. Market participants are positioned for the Federal Reserve's policy statement and economic projections this afternoon, with particular focus on Chair Kevin Warsh's first post-meeting press conference following his recent appointment. Gold has held above $4,300 amid a macro backdrop split between softer energy inflation from U.S.-Iran negotiations over the Strait of Hormuz and lingering Fed hawkish risks. Market expectations are centered on whether the Fed's dot plot signals rate cuts this year or shifts toward a later-year hike, with a more hawkish projection potentially testing gold's rebound above $4,300 and silver's support near the $69–$70 range.
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