Gold and silver came under selling pressure on Wednesday as traders booked profits following a stronger-than-expected US PPI print, which reinforced expectations that the Federal Reserve could raise interest rates. Attention now shifts to today’s US CPI release for further confirmation of the inflation trajectory.

Gold and silver edged higher, helped along by a softer dollar, as traders held their positions ahead of a key U.S. inflation print that could steer the Federal Reserve’s next move on rates.

Gold and silver are holding firm as the dollar stays on the back foot, with renewed U.S.-Iran tensions and a fresh round of inflation data keeping traders locked in on where interest rates go next.

Gold and silver pushed higher as the U.

Gold and silver clawed back ground on Thursday as the dollar and Treasury yields softened, giving both metals room to breathe. Traders, meanwhile, are keeping one eye on Friday’s U.S. nonfarm payrolls report, widely seen as the next real catalyst for the Fed’s policy path

Gold slid to a three-week low on Wednesday, pressured by a sharp escalation in Middle East tensions that pushed oil prices higher and revived fears around inflation and rate hikes. With markets now bracing for upcoming U.S. jobs data, investors have grown more cautious.

Gold capped off August with a 9.4% gain, while silver surged 15% — the strongest monthly performance for gold, both in percentage terms and outright dollar gains, since February.

Gold and silver edged higher this week as lingering fears around currency debasement kept a bid under precious metals, even as markets held their breath for Federal Reserve Chair Kevin Warsh’s remarks.

Gold and silver are holding steady above $4600 and $68, respectively, with a bullish tilt, as markets continue digesting the U.S. Treasury’s move to double the size of its liquidity support buyback operations for longer-dated notes and bonds—a decision that pushed the dollar to an over three-month low last week.

Gold and silver pulled back on Tuesday, cooling off after touching their highest levels in more than three months. Traders are now looking ahead to the upcoming U.S. inflation print and a speech later this week from Federal Reserve Chair Kevin Warsh.

Precious metals have jumped more than 5% this week after the US Treasury Department announced plans to at least double its long-term debt buybacks in an effort to contain borrowing costs, driving Treasury yields and the dollar sharply lower

Gold and silver surged over 3% to their highest levels in more than two and a half months after a surprise liquidity support announcement from the US Treasury knocked down bond yields and the dollar ahead of the release of the Federal Reserve’s July meeting minutes.