Tariffs and CPI Data Elevate Gold and Silver Demands
Gold remains near $3,355 as the rise of tariffs and increasing geopolitical risks are enhancing its safe-haven appeal. Silver is outperforming gold, achieving a 3.5 percent increase as investors hedge against inflation. The current market environment indicates that precious metals are garnering increasing interest, especially leading up to vital CPI data releases. Traders are positioning themselves for potential volatility as market sentiments shift. With inflation pressures in play, gold and silver may continue to experience upward momentum amid ongoing global uncertainties.