Silver and gold prices declined after the release of the Federal Reserve minutes suggested further interest rate increases could be expected before year-end. According to FX Street, silver (XAG/USD) fell over 1.67% to trade at $59.69, reflecting market concerns about tighter monetary policy.
Gold (XAU/USD) also faced downward pressure on Wednesday but managed to regain the $4,100 level later in the session. FX Street noted that this recovery was supported as US Treasury yields reversed earlier gains and turned negative, easing some selling pressure on the metal.
For Japanese investors, these moves highlight the ongoing sensitivity of precious metals to US monetary policy signals, which can influence FX rates and risk sentiment in domestic markets.