🥇 Gold & Silver Slip as Inflation Stays Hot
Precious metals edged lower after stronger-than-expected U.S. PPI data reinforced expectations that the Fed could keep interest rates higher for longer.
⚡ Market Drivers:
📈 U.S. PPI rose 6.5% YoY — hottest since 2022
🏦 Higher-for-longer Fed outlook pressures metals
💵 Stronger U.S. dollar weighs on gold & silver
🛢️ Oil remains elevated amid ongoing U.S.-Iran tensions
🎯 Key Levels to Watch:
🥇 Gold Support: $4,040 → $4,000
🥇 Gold Resistance: $4,100 → $4,154
🥈 Silver Support: $62.15
🥈 Silver Resistance: $66.00 → $68.54
👀 Traders are watching inflation, Fed policy, and Middle East developments for the next major move in precious metals.
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