Gold steadies as US data cools rate-hike bets; silver production climbs and coin demand rebounds
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.