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Gold Slips, Silver Retreats as Markets Weigh U.S. Rate Outlook

Investors reassess the federal funds rate (benchmark U.S. interest rate) set by the Federal Reserve (U.S. central bank), a macro driver for non-yielding metals and crypto markets such as DeFi (blockchain-based finance).

Summary

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Terms & Concepts
  • Federal funds rate: The benchmark U.S. overnight lending rate set by the Federal Reserve (U.S. central bank).
  • Federal Reserve: The U.S. central bank that sets monetary policy, including the federal funds rate.
  • DeFi: Decentralized finance—peer-to-peer financial services on blockchains via smart contracts (self-executing blockchain code).