Gold Holds $4,092 as Fed Hawks Dissent, Silver Ratio Coiled, Oil Volatile on Iran
Gold futures at $4,092 per ounce are holding a three-month support floor on Thursday, July 30, but the price tells only part of the story. Wednesday's Federal Reserve decision, a 9-3 vote to hold rates at 3.5%-3.75%, has split the market between two competing forces: a structural central bank bid that keeps lifting the floor, and a hawkish rate regime that keeps capping the ceiling. Meanwhile, silver's gold-silver ratio has coiled to near a 50-year extreme, and WTI crude at $85 per barrel carries a geopolitical risk premium that could unwind or explode depending on a phone call from Tehran. Key Takeaways Gold futures held $4,092/oz on July 30 after the Fed's 9-3 hold, with key support at $3,…
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