Daily Reports

Precious Metals Ease as PPI Data Lifts Rate Hike Expectations

Daily Report

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.

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Daily Report

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.

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