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Gold, silver and bitcoin fall as traders up Fed rate hike bets

Cnbc · 🇺🇸 public United States · · 784 words · By Chloe Taylor
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What to know about Gold, silver and bitcoin fall as traders up Fed rate hike bets

Precious metals were among the assets firmly in negative territory on Wednesday, as fears about inflation and the Federal Reserve's interest rate path weighed on investor sentiment.

Claims checked 16
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center80%
Right20%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Precious metals were among the assets firmly in negative territory on Wednesday, as fears about inflation and the Federal Reserve's interest rate path weighed on investor sentiment.

Why it matters

ET, spot gold was down 2.4% to trade at around $ 4,161.63 an ounce.

Common ground

gold futures also fell 2.2% to settle at $ 4,194.90/oz.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/06/10/gold-silver-and-bitcoin-fall-as-interest-rates-h…

fact_checkClaims Checked

eFinder analyzed this article and checked 16 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 7
schedule Pending 6
help Insufficient Evidence 2
verified Verified By Reference 1
verified
Claim 1: “U.S. gold futures also fell 2.2% to settle at $ 4,194.90/oz.”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of generic Wikipedia entries for the letter 'U' and the United States, which do not contain any financial data regarding gold futures.
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wikipedia NEUTRAL — Georgia ( JOR-jə) is a state in the Southeastern, South Atlantic, and Deep South regions of the United States. It borders Tennessee to the northwest, North Carolina and South Carolina to the northeas…
https://en.wikipedia.org/wiki/Georgia_(U.S._state)
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wikipedia NEUTRAL — In the United States, a state is a constituent political entity, of which there are 50. Bound together in a political union, each state holds governmental jurisdiction over a separate and defined geog…
https://en.wikipedia.org/wiki/U.S._state
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wikipedia NEUTRAL — The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic consisting of 50 states and a federal c…
https://en.wikipedia.org/wiki/United_States
+ 3 more evidence sources
schedule
Claim 2: “Citi analysts warned gold could slump a further 20% by the autumn.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 3: “Prior to the outbreak of the U.S.-Iran war, which recently crossed the 100-day mark”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 4: “Meanwhile, spot silver was 2% lower at $64.01/oz”
SINGLE SOURCE
The specific price of $64.01/oz and the 2% decrease are explicitly mentioned in the web search result 'Gold Tumbles To $4,161 As May CPI Looms', but no other independent source confirms these exact figures.
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wikipedia NEUTRAL — The G-spot, also called the Gräfenberg spot (after German gynecologist Ernst Gräfenberg), is characterized as an erogenous area of the vagina that, when stimulated, may lead to strong sexual arousal, …
https://en.wikipedia.org/wiki/G-spot
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wikipedia NEUTRAL — Spot or SPOT may refer to:
https://en.wikipedia.org/wiki/Spot
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wikipedia NEUTRAL — Sweet spot or Sweet Spot or The Sweet Spot may refer to:
https://en.wikipedia.org/wiki/Sweet_spot
+ 3 more evidence sources
info
Claim 5: “the iShares Silver Trust ETF was down by 1.4%.”
SINGLE SOURCE
The claim that the iShares Silver Trust ETF was down 1.4% is found in the 'Gold, silver and bitcoin fall...' web search result. Another source mentions it was down 0.3%, which contradicts the 1.4% figure, but the 1.4% is only reported by one source here.
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wikipedia NEUTRAL — The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the olde…
https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
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wikipedia NEUTRAL — Saudi Exchange (Arabic: تداول السعودية‎) or Tadāwul (Arabic: تداول‎) is a stock exchange in Saudi Arabia. Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a…
https://en.wikipedia.org/wiki/Saudi_Exchange
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wikipedia NEUTRAL — The FTSE Straits Times Index (abbreviation: STI) is a capitalisation-weighted stock market index that is regarded as the benchmark index for the stock market in Singapore. It tracks the performance of…
https://en.wikipedia.org/wiki/Straits_Times_Index
+ 3 more evidence sources
help
Claim 6: “Bitcoin also came under further pressure, losing around 1.3% to trade at $61,049.25.”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results to verify the Bitcoin price or percentage drop.
schedule
Claim 7: “Gold has been in a broadly bull market since late 2022”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 8: “both gold and silver have taken out their 200-day moving averages”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 9: “Silver futures shed 1.6%.”
SINGLE SOURCE
Web search results provide general links to silver futures pages on Investing.com, COMEX, and MarketWatch, but none of the snippets contain the specific percentage drop of 1.6%.
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web search NEUTRAL — Explore in-depth financial insights on Silver Futures. Gain instant access to the live Silver price, key market metrics, trading details, and intricate Silver futures contract specifications.
https://www.investing.com/commodities/silver
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web search NEUTRAL — Live COMEX silver futures price in USD. Real-time CME Group silver data with interactive charts, warehouse inventory insights, and market analysis.
https://metalcharts.org/comex-silver-price
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web search NEUTRAL — View the futures and commodity market news, futures pricing and futures trading.
https://www.marketwatch.com/investing/future/si00
schedule
Claim 10: “The ECB is also overwhelmingly expected to raise interest rates by 25 basis points at its own monetary policy meeting on Thursday, LSEG data shows.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 11: “The ProShares Ultra Silver ETF was last seen trading 2.8% lower”
SINGLE SOURCE
The claim that ProShares Ultra Silver ETF traded 2.8% lower is explicitly stated in the web search result 'Gold, silver and bitcoin fall as traders up Fed rate hike...', but is not corroborated by other independent sources in the evidence.
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wikipedia NEUTRAL — This is a table of notable American exchange-traded funds, or ETFs. As of 2020, the number of exchange-traded funds worldwide was over 7,600, representing about 7.74 trillion U.S. dollars in assets. T…
https://en.wikipedia.org/wiki/List_of_American_exchange-trad…
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wikipedia NEUTRAL — Silver exchange-traded products are exchange-traded products (ETPs) that seek to provide exposure to silver or to the market price of silver. They include exchange-traded funds (ETFs), exchange-traded…
https://en.wikipedia.org/wiki/Silver_exchange-traded_product
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wikipedia NEUTRAL — This is a list of notable Canadian exchange-traded funds, or ETFs. It is not an exhaustive list.
https://en.wikipedia.org/wiki/List_of_Canadian_exchange-trad…
+ 3 more evidence sources
info
Claim 12: “Hecla Mining was 3.1% lower.”
SINGLE SOURCE
The claim that Hecla Mining was 3.1% lower is mentioned in the 'Gold, silver and bitcoin fall...' web search result. Other sources discuss a general 8.2% fall over 30 days, but do not corroborate the specific 3.1% figure.
travel_explore
web search NEUTRAL — Jul 21, 2026 ... Hecla Mining (HL) shares have fallen 8.2% over the past 30 days following the company's most recent earnings report. The decline reflects ...
https://www.kavout.com/stocks/nyse-hl/hecla-mining-company
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web search NEUTRAL — What happened to Hecla Mining Company's price movement after its last earnings report?
https://www.tipranks.com/stocks/hl
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web search NEUTRAL — 2 days ago ... New high-grade vein discoveries at Midas. The first vein returned 0.50 oz/ton gold and 3.1 oz/ton silver over 1.8 feet, including a higher-grade ...
https://finance.yahoo.com/markets/commodities/articles/hecla…
schedule
Claim 13: “Traders now see a roughly 40% chance of a hike by the Fed's October meeting.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 14: “By 7:05 a.m. ET, spot gold was down 2.4% to trade at around $ 4,161.63 an ounce.”
SINGLE SOURCE
The specific price of $4,161.63 and the 2.4% drop are mentioned in one web search result ('Gold Tumbles To $4,161 As May CPI Looms'), but other gold price sources provide general live tracking without confirming this specific timestamped value.
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wikipedia NEUTRAL — Sheffield Wednesday Football Club is a professional football club based in Sheffield, South Yorkshire, England. The club competes in EFL League One, the third tier of English football, following releg…
https://en.wikipedia.org/wiki/Sheffield_Wednesday_F.C.
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wikipedia NEUTRAL — Wednesday Night Baseball is a live game telecast of Major League Baseball during Wednesday nights in the regular season on ESPN or ESPN2. From 1990 to 2021, ESPN generally aired weekly games on Wednes…
https://en.wikipedia.org/wiki/Wednesday_Night_Baseball
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wikipedia NEUTRAL — In Christianity, Holy Wednesday commemorates the Bargain of Judas as a clandestine spy among the disciples. It is also called Spy Wednesday, or Good Wednesday (in Western Christianity), and Great and…
https://en.wikipedia.org/wiki/Holy_Wednesday
+ 3 more evidence sources
info
Claim 15: “First Majestic Silver shed 3.8%”
SINGLE SOURCE
The claim that First Majestic Silver shed 3.8% is mentioned in the 'Gold, silver and bitcoin fall...' web search result. Other results discuss different price movements (e.g., an 18% rise in a different session), but do not corroborate this specific 3.8% drop.
travel_explore
web search NEUTRAL — First Majestic Silver Corp. (NYSE:AG) shares rose 18% to $16.38 in pre-market trading after the company won a reprieve on criminal tax fraud charges in the opening round of Mexico court hearings, Bloo…
https://www.benzinga.com/news/21/01/19364708/45-stocks-movin…
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web search NEUTRAL — Auction Market Theory Explained in 20 Minutes (How Pros Read Market Context)Trader Drysdale40K views • 7 months agoLivePlaylist ()Mix (50+). 11:03.THE MOST profitable tools for Futures Trading - the D…
https://www.youtube.com/watch?v=mUvB89DMtww
travel_explore
web search NEUTRAL — As of July 15, 2026, First Majestic Silver (AG) had a short interest of 17.29 million shares sold short, representing 3.54% of the public float. This marks a -1.02% decrease in short interest since th…
https://www.marketbeat.com/stocks/NYSE/AG/short-interest/
help
Claim 16: “Money markets are currently pricing in a 98.2% chance that the Fed holds its key interest rate steady at its FOMC meeting next week, according to the CME's FedWatch tool.”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results regarding the CME FedWatch tool or the 98.2% probability claim.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.