Key Facts

Gold eased to about 4,096, down 0.37% on June 23, slipping below the long-term trend line that had held it.

Silver steadied near 61.58 — barely changed, catching its breath after its recent hard fall.

Rates, not war, are the weight — bets on higher US interest rates and a firm dollar keep overpowering safe-haven demand.

The recovery trigger is named — this week’s US inflation reading is the event most likely to decide the next move.