Gold Edges Higher to $4,060.90 on Softer CPI, Silver Falls 1.52% Amid Hormuz Tensions

According to Kitco NewsWire, spot gold rose 0.23% to $4,060.90 an ounce in late Wednesday U.S. trading, while spot silver fell 1.52% to $57.68. Softer U.S. consumer- and producer-price reports pressured Treasury yields and the dollar, supporting gold above the $4,000 level. However, renewed tensions in the Strait of Hormuz kept crude oil prices elevated near $71.51 a barrel, creating competing inflation concerns that limited silver's advance.
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