Post-FOMC selloff deepens dramatically across PMs
Key Questions
What triggered the dramatic selloff in precious metals after the FOMC meeting?
A hawkish FOMC meeting on March 17-18 led to a rout in precious metals, with rising Fed hike expectations and signals for only a single rate cut in 2026. This caused historic lows across gold, silver, platinum, and palladium. The 'Black Day' saw a sharp 6% plunge, the steepest in years.
How much did gold prices drop following the FOMC decision?
Gold fell to $3,545 per ounce, marking a 9.5%+ decline, the worst weekly drop in over 40 years and the biggest since 1983. This deepened the post-FOMC selloff dramatically. Related articles confirm ongoing plunges, with futures erasing 2026 gains.
What were the prices of silver, platinum, and palladium during this selloff?
Silver dropped to $54, platinum to $1,474, and palladium to $1,094. These levels reflect the broad precious metals rout. The declines were confirmed amid market turmoil reported in various gold and silver price updates.
What is the 'Black Day' referenced in the FOMC selloff?
The 'Black Day' refers to a confirmed 6% plunge across precious metals, described as the sharpest in years. It deepened the post-FOMC rout. This event aligns with reports of gold slumping $800 over four days and ETFs logging their worst week in 15 years.
How have Fed expectations changed after the March FOMC meeting?
Expectations for Fed rate hikes have risen, with signals pointing to only a single cut in 2026. This hawkish stance contributed to the precious metals selloff. Articles note gold prices dropping to expected levels amid this shift.
Hawkish FOMC (Mar 17–18) rout hits historic lows: gold $3,545 (9.5%+ worst weekly in 40+yrs, biggest since '83), silver $54, Pt $1,474/Pd $1,094; confirmed Black Day 6% plunge sharpest in years; Fed hike expectations rise amid single 2026 cut signal.