Gold Holds Steady While Silver Weakens Amid Yields and Hormuz Risks

Spot gold held near $3,981.50 an ounce, gaining 0.16%, while spot silver slipped 0.57% to around $55.08. Traders weighed softer inflation data against resilient U.S. economic readings, firm Treasury yields and renewed risks in the Strait of Hormuz. June CPI fell 0.4% and PPI dropped 0.3%, yet retail sales rose 0.2%, jobless claims reached 208,000 and the Philadelphia Fed index jumped to 41.4. Fed funds futures priced a 90% chance of no July rate change, with the 10-year yield near 4.53%, the 2-year at 4.12% and DXY near 100.80. Brent crude stayed in the mid-$80s amid regional tensions. Gold bulls target a sustained move above $4,000, while bears watch for a break below $3,970.20. Silver faces resistance at $55.60 and support at $54.65. Markets await further Fed commentary and Hormuz developments.