Gold and Silver Under Pressure as Oil Climbs Ahead of US CPI đ⥠Precious metals are facing fresh selling pressure ahead of the US inflation report, with gold slipping toward $4,145 and silver trading near $58.60. Meanwhile, crude oil has climbed above $95, as traders across commodities and $BTC brace for the next potential market move. đ Gold is now testing a critical zone, with support at $4,120 and resistance at $4,170. Silver faces a similar setup, holding near $58 support while $59.70 remains the key level to reclaim. Oil, however, looks stronger, with prices approaching $96.50 resistance after recovering from around $91.70. The next move could come down to inflation. A hotter CPI reading may strengthen the dollar and push Treasury yields higher, adding pressure on precious metals. Softer data could support a rebound in gold and silver as traders reassess the Fed's rate outlook. For now, all eyes are on CPI. đ #BTC Price Analysis# #Macro Insights#
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