business ๐ Gold and silver dip amid PPI news
Spot gold and silver prices are trending lower in early U.S. trading this Thursday. This movement occurred as a flat headline PPI was contrasted by stronger core producer-price pressure. The report showed final-demand prices were unchanged in July but rose 4.7% year-over-year. This mixed signal keeps the Fed's stance uncertain ahead of Friday's retail sales data. Investors are watching geopolitical risks in the Strait of Hormuz for further direction.