Gold Holds Steady Ahead of US Inflation Data; Silver Near Record Highs đȘđ
Precious metals markets are eyeing critical U.S. inflation data â with gold prices stable near historic levels and silver flirting with record highs â as investors assess Federal Reserve rate expectations and safe-haven demand.
âą Gold hovered around ~$4,330/oz, slightly below recent gains as a strong dollar pressures upward movement.
âą Silver climbed toward all-time peaks (~$66/oz), outperforming gold year-to-date amid strong industrial demand and tightening supply.
âą Market focus is on upcoming U.S. CPI inflation data, which could influence future interest rate cuts and precious metals trends.
âą Other precious metals like platinum and palladium also pushed toward multi-year highs.
With dovish Fed signals supporting non-yielding assets and inflation data looming, precious metals remain attractive hedges amid macro uncertainty â especially silver, which is outperforming gold on industrial drivers.
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