Gold and Silver Prices Rise Amidst Weaker Dollar and Uncertain Fed Policy.

Gold and silver prices have risen due to the sell-off in the US dollar index, which hit a four-week low overnight. The Euro zone consumer price index in May rose 6.1%, year-on-year, which was in line with market expectations. US traders and investors are looking forward to a three-day holiday weekend, as the new Juneteenth federal holiday next Monday has the US government and markets closed. The US is pushing to improve US-China relations, as US Secretary of State Blinken is headed to China for talks this weekend.