Gold, silver fall as CPI keeps Fed pressure on

Spot gold and silver are weaker in early U.S. trading as May inflation remained above 4%, Treasury yields stayed elevated, and U.S.-Iran tensions kept a risk-off tone in the macro backdrop. The combination of sticky inflation and high yields is pressuring non-yielding metals, while geopolitical energy-risk concerns are adding to broader market caution.

Analysis

Spot gold and silver are weaker in early U.S. trading as May inflation remained above 4%, Treasury yields stayed elevated, and U.S.-Iran tensions kept a risk-off tone in the macro backdrop. The combination of sticky inflation and high yields is pressuring non-yielding metals, while geopolitical energy-risk concerns are adding to broader market caution.