Precious metals struggle amidst uncertainty over Fed decision.

Gold and silver prices remain steady ahead of the FOMC meeting results and another US inflation report. The US producer price index report for May is expected to be down 0.1% month-on-month. The Fed is expected to pause in its interest-rate-tightening cycle. The European Central Bank is expected to raise its main interest rate by 25 basis points. The US dollar index is lower, while Nymex crude oil prices are higher. The gold futures bulls have the overall near-term technical advantage, while the silver bulls have the overall near-term technical advantage and are working on a price uptrend on the daily bar chart.