Gold falls as energy-driven inflation threatens to push interest rates higher - CNBC

Minneapolis Fed President Neel Kashkari stated that a war with Iran could potentially lead to interest rate hikes in the U.S.

Gold and silver prices are facing pressure due to rising inflation, higher rate expectations, and new Indian import tariffs.

Bill Dudley warns that the Fed's consistent failure to meet its 2% inflation target could erode confidence in the central bank.

A mediocre 2-year Treasury auction priced at the highest yield since February 2025, indicating weaker demand and higher borrowing costs.

Former New York Fed President Dudley states that the Fed's credibility is at risk due to not meeting its inflation target, implying a failure to control inflation and potentially signaling more restrictive monetary policy ahead.