Recent trends indicate that gold prices are rebounding from a support area, nearing the $3,400 mark ahead of the upcoming Consumer Price Index (CPI) data release. Silver also shows promise, having just broken above the $35 threshold. This bullish setup suggests more potential for both commodities. Investors should pay close attention to these developments, as CPI data can have significant impacts on market dynamics. Being proactive in understanding these price movements may benefit decision-making for traders in precious metals.