ING Downgrades Gold and Silver Forecasts Amid Rising Yields and Dollar Strength Gold prices have fallen below $4,000 an ounce, marking a new yearly low, while silver prices have dipped below $60 an ounce, as surging U.S. dollar strength and elevated bond yields weigh on the precious metals market. ING, a global financial institution, has revised its forecasts for both commodities, citing the shifting focus of investors toward higher interest rates and tighter financial conditions. The firm’s commodity analyst, Ewa Manthey, highlighted that the recent selloff reflects a broader market reaction to the Federal Reserve’s monetary policy stance and its implications for inflation and economic stability. The Federal Reserve’s recent meeting left interest rates unchanged but signaled support for potential rate hikes in 2026. Federal Reserve Chair Kevin Warsh emphasized that price stability remains the central bank’s top priority, with markets increasingly pricing in a rate increase as early as September and a second hike by December. This tightening expectation has driven the U.S. Dollar Index above 100 points, reaching 101.69, its highest level since May 2025. The strengthening dollar, combined with higher bond yields, has created a challenging environment for gold and silver, which are traditionally seen as safe-haven assets. ING’s revised forecasts for gold now project an average price of $4,300 an ounce in the third quarter of 2026 and $4,600 an ounce in the fourth quarter, down from previous estimates of $4,850 and $5,000, respectively. Manthey noted that while the firm remains optimistic about gold’s long-term prospects, near-term headwinds have intensified.#silver #gold #federal_reserve #kevin_warsh #ing
Gold Hits Over Seven-Month Low as Dollar Strengthens, Rate Hike Expectations Rise Gold prices continued their decline on Wednesday, reaching a more than seven-month low as the U.S. dollar strengthened and investor bets on potential interest rate hikes increased. The metal’s drop came amid conflicting signals surrounding U.S.-Iran peace talks, which have further complicated market sentiment. Spot gold fell 2.1% to $4,021.99 per ounce by 1405 GMT, hitting its lowest level since November 2025. U.S. gold futures also declined, dropping 2.6% to $4,039.30. The dollar’s rise made dollar-denominated gold more expensive for holders of other currencies, exacerbating the decline. Traders have intensified their bets on U.S. interest rate hikes this year, driven by the Federal Reserve’s hawkish stance at its latest policy meeting and lingering fears of inflationary pressures from the ongoing Iran conflict. Tai Wong, an independent metals trader, noted that market expectations now favor a rate hike as early as September. “A surging dollar at 13-month highs combined with lower inflation expectations are putting heavy pressure on precious metals,” Wong said. He added that while gold has support just below $3,900 and central bank purchases continue, the metal is likely to face a prolonged period of consolidation as it becomes less favored by investors. Gold’s appeal diminishes when interest rates rise because it does not offer yield, making it less attractive compared to higher-return assets. Since peaking at $5,594.82 in late January, spot gold has lost over $1,600 per ounce. ING analysts revised their gold forecasts, now predicting prices to average $4,300 in the third quarter of 2026 and $4,600 in the fourth quarter, down from their previous estimates of $4,850 and $5,000. Investors are closely watching the release of U.S.#federal_reserve #u_s_dollar #ing #tai_wong #lukman_otunuga
KSO vs ING Dream11 Prediction: Legends League Cricket 2026 Match 10 Preview The Legends League Cricket (LLC) 2026 continues to deliver nostalgic thrills as the legends of the game take to the field once again. Today’s clash features Konark Suryas Odisha (KSO) going head-to-head against the India Tigers (ING) in a rescheduled Match 10, scheduled for March 21, 2026, at 7:30 PM IST. The venue for this high-octane encounter is the Indira Gandhi International Cricket Stadium in Haldwani. This match carries added significance as both teams aim to solidify their standings ahead of the knockout stages. KSO, led by seasoned veterans, faces an India Tigers squad packed with explosive hitters and crafty bowlers. The floodlights of Haldwani are expected to draw a packed crowd, with legendary performances anticipated. The Indira Gandhi International Cricket Stadium in Haldwani is known for its balanced pitch, offering a fair contest between bat and ball. The surface is slightly inclined toward batters as the match progresses, with an average first-innings score of 165–170 runs in the T20 format. Early in the game, pacers will find some movement with the new ball under the lights, but spinners like Shadab Jakati and Shahbaz Nadeem are expected to dominate the middle overs. The weather conditions are favorable, with temperatures around 22°C and 60% humidity, ensuring a full 40 overs of play. Dew is a significant factor, as the night match in Northern India will make it challenging for bowlers to grip the ball in the second innings. The head-to-head record between KSO and ING in the Legends League Cricket franchise iterations shows a 1-1 split in T20 matches. In their last five encounters, both teams have shared victories, with this being their first meeting at the Haldwani stadium.#indira_gandhi_international_cricket_stadium #legends_league_cricket #haldwani #kso #ing
