Gold and silver rebound ahead of key US inflation data

Gold prices recovered after briefly slipping below the crucial $4,000 per ounce mark for the first time since November 2025, while silver futures also recovered from the multi-month lows of $56.40 per ounce. The recovery comes after intense selling pressure driven by a stronger US dollar and growing expectations of further Federal Reserve rate hikes. On the domestic front, MCX August gold futures rebounded from an intraday low of Rs 1,40,543 per 10 grams, while July silver futures surged nearly 3% to around Rs 2,19,000 per kg after recovering from the day's low of Rs 2,10,043. Investors are now closely monitoring a series of key US economic releases, including the PCE Price Index, final first-quarter GDP figures, may personal income data, preliminary durable goods orders, and weekly jobless claims, for fresh signals on the federal reserve's policy outlook and the broader direction of bullion prices.

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