(DGP)

Core PCE inflation rose 2.9% in July as expected, keeping Fed rate cuts off the table. Resilient spending and weak savings add pressure to yields.

Gold and silver ease as strong U.S. data lifts the dollar, but Fed rate cut bets and inflation outlook keep metals supported ahead of PCE figures.

Silver and platinum gained strong upside momentum as traders focused on weak dollar.

Gold retreats from $3,400 as dollar strength limits demand, while silver gains modestly on safe-haven flows and Fed easing expectations.

Gold and silver trade in tight ranges as traders await U.S. PCE inflation data. A breakout above $3,380 in gold or $39 in silver could spark bullish momentum.

Gold (XAUUSD) and silver rallied on political turmoil and weak US data, as safe-haven demand increased, rate cut bets increased, and bearish dollar signals supported further upside in precious metals.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Rising Treasury yields did not put pressure on gold markets.

Gold is a haven asset with virtues that confound standard financial modelling

The natural gas market has bounced ever so slightly in the early part of the Thursday session, but still looks very weak, as we are still in a huge downtrend at this point in time.