Precious Metals Preview: Gold and silver rebounds in early Asia

Gold and silver futures are witnessing a decent rebound on Friday morning as dollar retreats from near four and half month highs. DXY is currently lingering under 102 mark. Hopes of positive talks between the war nations which could lower energy prices and hence inflation is seen supporting the yellow metal. Fed Governor Christopher Waller said on Thursday that further rate hikes would likely be needed, but added there was flexibility about the pace of increases and left the door open for a pause in October. Currently, the counter is quoting at $4200 per ounce, up 1.05% on the day while silver is up 1.6% at $60.40 an ounce.

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