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Gold and Silver futures prices slid on hot PPI data
Gold futures prices slid below the $5,000 mark as hot PPI data fueled inflation concerns ahead of the Fed interest rate decision. Phillip Streible of Blue Line Futures breaks down the technical support and resistance levels for Gold, Silver, and Copper futures. The report highlights headline PPI rising 0.7% month-over-month, significantly higher than consensus expectations. With the CME FedWatch Tool indicating a pause in interest rate cuts for 2026, the market is navigating a potential stagflation environment. Additionally, the structural demand for Silver and Copper futures remains tied to the global energy ...
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