Gold, Silver Slide as Strong Dollar Keeps Pressure Ahead of U.S. Inflation Data

U.S. inflation data due tonight is expected to influence market expectations for the Federal Reserve’s interest-rate path in the second half of the year, according to Ming Pao. Gold and silver have remained under pressure from a strong U.S. dollar, with prices fluctuating but trending lower. Ming Pao said the metals could test lower levels unless the U.S. dollar index retreats.