Gold and Silver Prices Hold Steady Amid Anticipation of U.S. CPI and FOMC Minutes
Gold and Silver Prices Hold Steady Amid Anticipation of U.S. CPI and FOMC Minutes
Gold prices have rebounded to approximately $3,012 per ounce, recovering from recent lows and maintaining levels above the $3,000 mark.
Silver remains steady above $30 per ounce, reflecting resilience amid market fluctuations.
Traders are awaiting the release of the U.S. CPI data, which will provide insights into inflation trends and influence expectations regarding Federal Reserve policy decisions.
The minutes from the latest FOMC meeting are scheduled for release, offering detailed insights into the Federal Reserve's discussions on monetary policy and economic outlook.
There is growing speculation that the Federal Reserve may implement interest rate cuts in response to economic indicators, including CPI.
Lower interest rates typically support precious metals by reducing the opportunity cost of holding non-yielding assets.
Persistent inflationary pressures are contributing to the demand for gold and silver as hedges against currency devaluation.
Ongoing trade tensions, particularly those involving U.S. tariff policies, are adding to market volatility and bolstering the appeal of gold and silver as safe-haven assets.
