Will US CPI Data Trigger Silver Selloff? Wednesday’s Consumer Price Index report looms large for precious metals, with markets pricing roughly 50 basis points of Fed cuts by year-end. Gold’s technical picture offers key insights for silver traders, as XAU/USD defends crucial support above $3,310.48 while the dollar index holds steady below 99.00. A hotter-than-expected
Daily US Dollar Index (DXY)The U.S. Dollar Index fell 0.3% on the session, making dollar-denominated assets like silver and gold more attractive to foreign buyers. This helped fuel a short-covering rally in both metals, with gold benefitting slightly more due to broader safe-haven interest following the latest macroeconomic readings. Lower-than-expected wholesale inflation further pressured the
Daily Gold (XAU/USD)Gold’s surge to a record $2,947.08 has reinforced silver’s bullish sentiment. Safe-haven demand is driving both metals, particularly after U.S. President Donald Trump’s tariff threats rattled markets. The proposed 25% tariffs on auto imports, semiconductors, and pharmaceuticals have raised fears of economic disruptions, prompting investors to seek protection in hard assets. Historically, gold