Gold futures held above 4,000 as cooler PPI curbed rate expectations.

Phillip Streible discusses the recent performance of Gold futures, which held in a tight range as traders digested softer CPI and cooler PPI data. These inflation prints, coming in at 0.2% versus the 0.3% forecast, curbed expectations for an imminent Federal Reserve rate hike, though energy shocks from Middle East tensions keep the outlook uncertain. The CME FedWatch Tool now shows a 15% chance of a hike in July, with a 50% possibility remaining for September. In the broader metals complex, Silver futures edged lower alongside gold, while Copper futures remained unchanged pending White House tariff decisions. Meanwhile, Platinum futures emerged as a standout, catching a bid due to tightening supply and steady industrial demand.