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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.

Gold and silver came under pressure as fears of a US interest rate hike next month eased, with investors now awaiting minutes from the Federal Reserve’s latest meeting for fresh clues on the policy path ahead. Elevated energy prices remain a watch point, since they tend to stoke inflation concerns and firm up expectations of higher rates from the Fed.

Gold and silver are pulling back as investors lock in profits after mild U.S. inflation data pushed bullion to its highest level in over two months and weakened the case for a near-term Federal Reserve rate hike

Gold held steady near its highest level in more than two months, as traders took a pause following a rally driven by cooling U.S. inflation. Attention has now shifted to an upcoming producer price report, which could offer further clues on the prospects of near-term Federal Reserve rate hikes.

Gold and silver are carrying forward last week’s uptrend, helped by fewer bets on the Federal Reserve tightening policy next month, as investors wait for key U.S. inflation data that could reshape expectations around the Fed’s path.

Gold pushed past $4400, its highest mark in two months, as investors leaned back into precious metals even with inflation risks building.