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Gold futures stabilized after hot inflation data while Silver futures rallied
Phillip Streible analyzes the recent stabilization of June Gold futures following a hotter-than-expected Producer Price Index (PPI) print of 1.4%. With inflation data reflecting energy shock pass-throughs, markets have adjusted expectations, completely pricing out 2026 interest rate cuts and shifting focus toward a potential hike in April 2027. Streible examines the impact of upcoming Federal Reserve leadership decisions, highlighting the market focus on sticky inflation and a softening labor backdrop. Additionally, the commentary covers the standout performance of July Silver futures and July Copper futures, noting ...