Wednesday, July 16, 2025 - 21:26
Gold broke below key support as the June CPI report came in hotter than expected, sending the U.S. dollar surging and Treasury yields higher. Spot gold dropped $26 to around $3,330/oz, while silver pulled back to $38 after a 14-year high. With markets now betting the Fed will hold rates steady, is this just a technical pullback - or a trend reversal?