Beth Hammack

Gold prices edged higher as a weaker dollar and easing Treasury yields helped offset inflation concerns tied to elevated crude oil prices. Traders are watching the upcoming Fed minutes for signs of whether the central bank’s recent three-way dissent could revive hawkish rate expectations.

EUR/USD has eased from its monthly high as traders digest softer US consumer inflation and wait for the next producer price inflation update. Technical traders remain focused on a bullish flag structure, the 50-day EMA and the 1.1578 resistance level as potential triggers for renewed upside.

Gold’s push to a two-month high faded as rising Treasury yields and firmer oil prices rebuilt the case for tighter Federal Reserve policy. Wednesday’s CPI release is now the key test for whether bullion can reclaim $4,416.82 or slide into a deeper technical correction.

Bitcoin steadied near $64,000 after the Federal Reserve kept rates at 3.5%-3.75% in a hawkish 9-3 decision. Market views are divided on whether tighter liquidity bites immediately or whether September becomes the bigger test for BTC.

Silver is entering a pivotal Federal Reserve decision with the hold outcome largely priced in, making the policy tone more important than the headline rate call. A firmer inflation warning, possible dissents, or an oil-driven hawkish message from Warsh could shift attention toward lower support for XAG.