PCE

Silver held a modest rebound as lower crude prices, softer Treasury yields and a steadier dollar eased pressure on the metal. Traders remain cautious before Wednesday’s FOMC decision, Warsh’s press conference, and the next GDP and PCE readings.

Gold’s early strength is struggling to extend as traders weigh an oil pullback against a heavy week of US policy and inflation risk. Technical levels show XAUUSD compressed between key swing support and resistance, with the 50 day moving average emerging as the line that could decide the next directional move.

Gold enters a pivotal policy and data week with the market focused on Warsh’s inflation message, the PCE release and wage signals. Oil, Treasury yields and the dollar remain the key forces that could decide whether XAUUSD breaks from its five-week range.