US Stock Market Move | Wash said that inflation risks in the United States have decreased, with gold and silver stocks generally rising. Gold Fields Limited Sponsored ADR (GFI.US) rose more than 4%.

On Wednesday, gold and silver stocks generally rose, with Gold Fields Limited Sponsored ADR (GFI.US) up more than 4%, Coeur Mining, Inc. (CDE.US), USA Gold Corp. (USAU.US), and Hecla Mining Company (HL.US) up more than 3%, Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY.US), and Pan American Silver Corp. (PAAS.US) up more than 2%. In terms of news, international precious metal prices rebounded significantly, with spot gold up more than 2%, briefly surpassing $4100, and spot silver up more than 3%, surpassing $60. Federal Reserve Chairman Powell stated that inflation expectations and risks have both decreased in recent weeks; at the same time, he reiterated the Fed's commitment to lowering the inflation rate to the target level of 2%. "In the initial weeks of this period, inflation expectations have fallen, and inflation risks have also decreased," Powell said. "If anyone in households, the business community, or the financial markets believes that the Fed will be comfortable with inflation above the 2% target - well, they might be disappointed: we will ensure price stability in the United States."