Fed Officials Deliver Hawkish Remarks, Raising Rate Hike Expectations and Pressuring Precious Metals

Published: Aug 31, 2026 09:55

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[SMM Precious Metal Express] Fed officials Hammack and Goolsbee delivered hawkish remarks simultaneously. Hammack said the Fed should act on rate hikes, as waiting would only bring pain, and does not believe financial conditions are tight. Goolsbee noted that inflation has persisted longer than expected, and the focus must remain on whether it is transitory. The dual hawkish signals have further raised rate hike expectations, weighing on precious metals.

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