Precious Metals Preview: COMEX gold and silver futures edge up in early Asia

COMEX gold futures are seen supported near a one-month high on Thursday morning in Asia as dollar retreats under 99 mark on improving risk sentiment. Hopes that the peace talks between the US and Iran will resume soon have boosted risk appetite. Meanwhile, US producer prices index (PPI) data from March, released on Tuesday, confirmed that the war in Iran has boosted inflationary pressures, although the PPI rose below expectations in March, easing pressure on the US Federal Reserve (Fed) to raise interest rates immediately. Currently, the yellow metal is quoting at $4842.80 an ounce, up half a percent on the day. Silver futures are also seen holding above $80 an ounce mark.

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