Precious Metals Preview: COMEX gold and silver gains momentum in early Asia

COMEX gold and silver futures are seen gaining momentum in early Asia on Monday tracing mild weakness in dollar overseas amid reduced expectation if Federal rate hike as data shows cooling inflation in US. Dollar index is trading under 99.50 as data released last week pointed to subdued US inflation, while consumer sentiment and retail sales weakened. Markets are now awaiting the FOMC?s latest meeting minutes and Fed Chair Kevin Warsh?s speech at the Jackson Hole symposium for further guidance. Currently, the yellow metal is quoting at $4446 an ounce, while silver is trading at $65.64 per ounce this morning.

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