Gold and silver fall as Fed-rate relief fades after data

Spot gold and silver are down sharply ahead of the North American open, pressured by firmer Treasury yields and a steadier U.S. dollar. Renewed Strait of Hormuz risk provided some support, but it was outweighed by a more favorable (softer) inflation read this week.

Analysis

Spot gold and silver are down sharply ahead of the North American open, pressured by firmer Treasury yields and a steadier U.S. dollar. Renewed Strait of Hormuz risk provided some support, but it was outweighed by a more favorable (softer) inflation read this week.