Gold and Silver Hold Steady Ahead of US Open as Dollar Softens

Spot gold and silver prices moved modestly higher ahead of the North American session Friday. A softer US dollar supported the rebound while traders weighed sticky inflation, Federal Reserve rate-hike risks, and reduced tensions in the Strait of Hormuz. Gold traded near $4,046.20 per ounce, up 0.50%, and silver near $58.240, up 0.84%.