Gold steadies as US data cools rate-hike bets; silver production climbs and coin demand rebounds
TL;DR Summary
Soft US data cooled expectations for a Fed rate hike and helped gold hover around $4,425/oz, while Iran-related uncertainty and oil dynamics add a geopolitical backdrop. Heraeus notes Barrick Gold and Pan American Silver meeting or exceeding 2026 production targets, and a July rebound in Perth Mint silver bar/coin sales suggests price-sensitive demand returning. Silver trades near $66/oz as overall metals demand shows tentative improvement.
- U.S. data supports gold prices despite Iran pessimism, silver production soars as bar and coin sales rebound – Heraeus KITCO
- Gold slips as oil, bond yields climb on waning US-Iran peace hopes Reuters
- Gold climbs on weaker dollar, easing Fed rate hike concerns CNBC
- Gold Pushes Higher with US Yield Curve as Debt Fears Worsen BullionVault
- Gold Holds Two-Day Gain on Reduced Rate-Hike Expectations Bloomberg.com
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