Posted 10/12/2023, 4:10:00 PM
Precious Metals Prices Dip After Hotter-Than-Expected Inflation Data
- Gold and silver prices slightly down following higher-than-expected U.S. inflation data
- Focus was on consumer price index report showing inflation still elevated
- Bullion prices dented but still supported by safe-haven demand amid Middle East tensions
- U.S. dollar higher, stock indexes mixed, crude oil up, Treasury yields rising
- Technicals show gold in downtrend but signs of bottom, silver bears still have advantage
