Gold and silver prices rise on cooling Fed rate hike expectations

gold prices silver prices Federal Reserve precious metals market volatility

Precious metals, specifically gold and silver, are experiencing significant market movements driven by shifting expectations regarding U.S. Federal Reserve monetary policy and a weakening U.S. dollar.

Gold prices have shown a bullish trend, with spot prices trading near $4,400 per ounce in mid-August 2026. Analysts at UBS have projected that gold could reach $5,000 per ounce by the first half of 2027, citing declining real interest rates, a weaker dollar, and sustained demand from central banks. UBS also noted that price dips toward or below $4,000 should be viewed as buying opportunities rather than structural shifts.

In the silver market, gram silver prices in Turkey have surpassed the 100 TL psychological threshold, supported by both international ounce price increases and local currency fluctuations. Silver is also seeing increased volatility, with ounce prices testing the $66 level.

Market sentiment is heavily influenced by cooling U.S. economic data, including employment and inflation figures, which have reduced the perceived probability of a Federal Reserve interest rate hike in September to approximately 33 percent. This shift has provided a tailwind for non-yielding assets like gold and silver.

Entities

COMEX · Donald Trump · Federal Reserve · Gold · Gold · Goldman Sachs · Israel · J.P. Morgan · JPMorgan · JPMorgan Chase & Co. · London Metal Exchange · Middle East

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] UBS revised its year-end forecast for ounce gold to 5,500 dollars. www.ilerigazetesi.com.tr
[○ 1 SOURCE] UBS projects gram gold could approach 8,000 TL by year-end.
[○ 1 SOURCE] Ounce gold was trading at approximately 4,333 dollars on August 16, 2026. www.yenikonya.com.tr
[○ 1 SOURCE] The Precious Metals Tracking System (KMTS) has been introduced to track gold from production to prevent counterfeiting.
[○ 1 SOURCE] Goldman Sachs and J.P. Morgan anticipate ounce gold will range between 4,500 and 5,000 dollars this year.
[○ 1 SOURCE] The new security system uses state-issued stickers and barcodes to verify gold products.
[○ 1 SOURCE] Analysts suggest a reasonable target for gram gold is between 6,700 TL and 7,000 TL based on current exchange rate trends.
[○ 1 SOURCE] On August 16, 2026, gram gold was trading at approximately 6,663.59 TL. www.yenikonya.com.tr
[○ 1 SOURCE] Chinese institutional purchases and ETF inflows have supported recent gold price increases. www.laleggepertutti.it
[○ 1 SOURCE] UBS estimates gold prices could rise to $5,000 per ounce by the first half of 2027. www.laleggepertutti.it
[○ 1 SOURCE] Reduced trading volumes during the summer period can amplify price movements and increase market volatility. www.trend-online.com
[○ 1 SOURCE] Gold faces a resistance level slightly below $4,500 per ounce to sustain further upward trends. www.laleggepertutti.it