iShares Gold Trust

IAU

Market cap $63B

Gold and silver rebound after softer US inflation data, but rising oil prices and Middle East risks may revive inflation concerns and limit further gains.

Gold was steady in the early Asian trade. Broadly higher yields increase the opportunity-cost of holding non-interest-bearing assets like gold, said Swissquote.

The gold market continues to struggle to find consistent bullish momentum, but one fund manager noted that the precious metal remains one of the best-performing assets over the past 12 months, with mining equities taking the top spot.

Gold remains under pressure as converging moving averages reinforce resistance, leaving bears in control while traders watch for either a downside continuation or a bullish breakout.

U.S. inflation report provided significant support to precious metals markets.

We believe metals and miners are forming critical lows that could hold for the remainder of the bull market.

Gold rebounded after buyers stepped in before soft CPI data. Lower Treasury yields and a weaker dollar now put key resistance levels back in focus.

The gold market rallied after the CPI numbers came out weaker than anticipated.

Spot gold and silver prices are sharply higher ahead of the North American market open Tuesday, as a softer-than-expected U.S. CPI report reduced Fed-rate pressure and helped metals recover despite another spike in crude oil tied to U.S.-Iran tensions.

The gold market has been thrown a critical lifeline with prices jumping back toward $4,100 an ounce following a sharp drop in inflation pressures, which should give the Federal Reserve room to leave interest rates unchanged through the second half of the year.