Gold steadies above $4,000 as PPI cools, yields rise

Spot gold is modestly higher while spot silver is weaker ahead of the North American open Wednesday. Softer U.S. inflation inputs supported precious metals, but renewed Strait of Hormuz tensions kept crude oil prices and Treasury yields elevated—offsetting the bullish gold impulse and weighing on silver.

Analysis

Spot gold is modestly higher while spot silver is weaker ahead of the North American open Wednesday. Softer U.S. inflation inputs supported precious metals, but renewed Strait of Hormuz tensions kept crude oil prices and Treasury yields elevated—offsetting the bullish gold impulse and weighing on silver.