Gold and silver bounced off multi-week lows on June 26, gold near $4,088 and silver near $59, as in-line US inflation eased fears of imminent Fed hikes.

Gold dropped nearly 2% to a two-week low near $4,067 as the US dollar surged and markets priced a 69% chance of a September Fed rate hike under Chair Kevin

Gold prices today fell near two-week low as strong US dollar and Fed rate hike expectations weigh on demand; investors await key PCE inflation data.

Gold prices tumbled to a seven-month low on Thursday, nearing $3,985 per ounce, as a robust dollar and anticipation of Federal Reserve interest rate hikes weighed heavily. Traders…