Spot gold and silver prices are firmer in early U.S. trading Monday, with bargain hunting offset by rising oil prices, elevated Treasury yields and the latest U.S.-Iran tension around the Strait of Hormuz. At the time of writing, spot gold was trading near $4,552.80 an ounce, up 0.30%, while spot silver was trading at $76.770, up 1.23% on the session. The macro setup remains difficult for non-yielding metals. Gold is rebounding from a more than six-week low, but the move is capped by inflation-linked pressure from crude oil above $100 a barrel, a firmer dollar backdrop and U.S. yields near the 4.6% area. Fed funds ... (full story)