Gold and Silver Decline as Inflation Data Maintains Pressure on Federal Reserve

Spot gold prices fell sharply in early U.S. trading on Wednesday, with silver also declining amid May's inflation figures remaining elevated above 4 percent. This, combined with higher Treasury yields and ongoing U.S.-Iran tensions affecting energy markets, weighed on precious metals. Gold traded around 4,165.90 dollars per ounce, down 2.20 percent, while silver stood at 64.645 dollars, off 1.06 percent.