Warsh

Spot gold moved lower late Tuesday as sellers pushed XAU/USD beneath a short-term retracement zone now acting as resistance. Traders are watching Warsh’s press conference and the PCE inflation print as the next potential catalysts for whether the metal can stabilize or extend its decline.

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.

Silver has staged a notable weekly rebound after heavy selling earlier in the month, but the macro backdrop remains difficult. A firmer dollar, tighter policy pricing and inflation sensitive oil conditions leave XAGUSD exposed to a pivotal sequence of Fed, PCE and wage catalysts.

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.

Gold begins the week under pressure after XAU/USD settled at $4,120.67, leaving the metal below a key weekly moving average and vulnerable to renewed selling. CPI, Warsh testimony and oil-market stress tied to the Strait of Hormuz are set to shape whether rate-sensitive buyers return or the downtrend resumes.