Gold and Silver Decline as Hopes for Fed Rate Relief Fade After Data

Spot gold traded near $3,975 an ounce, down 2.1%, while silver stood around $55.90, off 3.3%. The drop came despite softer June CPI and PPI prints, as retail sales rose 0.2% and jobless claims fell to 208,000. The 10-year Treasury yield climbed to 4.57% and the dollar index reached 100.54.