Gold Firms and Silver Rebounds to 200-Day Average as May CPI Looms

According to Kitco NewsWire, spot gold and silver prices firmed on Tuesday (June 9), with gold trading near $4,338.80, up 0.20%, and silver at $68.475, up 0.44%, ahead of Wednesday's May CPI release at 8:30 a.m. ET. The 10-year Treasury yield held above 4.5% and the U.S. dollar index remained near a two-month high, pressuring precious metals despite geopolitical tensions between Iran and Israel being priced as contained disruption rather than a fresh supply shock.
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