The January U.S. inflation report may be proving itself as a temporary setback for interest rate-sensitive assets, especially precious metals. Fed rate-cut odds may have been decimated in recent days, but there’s a compelling case to be made that the worst is over–so long as markets remain confident that we’ll see at least one 25-basis-point (bps) rate cut in the first half of the year. If this remains the case, then gold (/GCJ4) and silver prices (/SIH4) are proving resilient in a difficult environment. Recent developments keep the bigger picture range in /GCJ4 in focus, while /SIH4 may be offering a strong signal ... (full story)