Gold rises 0.17% to $4,066.85/oz after Fed holds rates steady

The muted gold move despite a steady Fed suggests the decision was largely priced in, with the real signal coming from Warsh's press conference rather than the rate hold itself. The divergence between gold's modest gain and silver's sharper drop points to precious metals trading on their own micro drivers rather than a single macro read. Whether gold can hold above the session's lower range as markets digest the Fed messaging is the open question worth watching.