Gold, Silver, Copper Forecast: Price Moves Before US PPI, Consumer Sentiment

Conversely, silver exhibited resilience, eyeing a 1.9% weekly uplift, indicating a shift towards diversified asset allocation. Meanwhile, copper’s price climbed to $3.80 per pound, driven by the dollar’s weakness, and is set for a 2.5% weekly increase, despite global economic uncertainties dampening demand expectations.

These market movements are intricately tied to economic indicators and Federal Reserve policy projections, with upcoming economic events expected to further influence trends. Investors are keenly awaiting the release of the Core Producer Price Index (PPI) and PPI, with both expected to shed light on inflationary pressures at 0.1%.

Additionally, the Preliminary University of Michigan Consumer Sentiment and Inflation Expectations, pegged at 80.0 and 2.9% respectively, will offer critical insights into consumer confidence amidst economic flux. These indicators will play a pivotal role in shaping the trajectory of gold, silver, and copper prices in the face of monetary policy adjustments and economic sentiment.