Key Facts
Gold and silver bounced off their lows on June 26 — gold closed near $4,088 (about +1.5%) and silver near $59 (about +2.3%).
The rebound came off multi-week lows — gold had dipped near an eight-month low around $3,983; silver touched about $55.70.
A softer dollar did the lifting — in-line US inflation data eased fears of imminent Fed rate hikes, nudging the dollar and bond yields lower.
It is a bounce within a downtrend — gold is still about 5% lower on the week and near 20% below its January record; silver is down about 20% this year.
