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Gold edged lower. While weaker-than-expected U.S. inflation data provided some relief, a stabilizing dollar and bond yields, alongside continuing rate hike expectations likely leave the metal under pressure, said Tickmill.

Spot gold prices are modestly higher and spot silver prices are lower in late-afternoon U.S. trading Wednesday, as softer U.S. consumer- and producer-price reports pressured Treasury yields and the U.S. dollar, while renewed Strait of Hormuz tension kept crude oil prices elevated

Inflation will be the Fed's principal preoccupation for the balance of 2026, but that doesn't mean monetary policy will move an inch, while U.S. sanctions and trade policies continue to stoke sovereign demand for gold, according to Christopher Hodge, Head Economist for the U.S. at Natixis.

Gold remains trapped below key resistance, but weakening downside momentum and a potential double bottom setup could signal an emerging reversal.

While the gold market has been unable to gain enough momentum to break through initial resistance at $4,100 an ounce, one market strategist suggests that its continued consolidation is still good news for the precious metal.

Platinum gained strong upside momentum, supported by falling oil prices and lower Treasury yields.

The U.S. and Iran are back to fighting. Gold remains unmoved.

Soft PPI lifted gold, but rising oil prices and Fed hawkishness are capping gains. See why crude is driving the next move in the gold market.

Gold continues to test a major support level on Wednesday, as the markets are looking for some kind of continuation, or perhaps some kind of change in overall attitude.

The gold market is holding its ground against the Canadian dollar as the Bank of Canada leaves interest rates unchanged and adopts a neutral, yet cautious, wait-and-see approach to inflation.