Spot gold prices increased by 0.89% to $2,718.31 per ounce, experiencing a V-shaped recovery. Earlier, prices hit a daily low of $2,675.69. The U.S. CPI data did not significantly impact the market, which remained stable around $2,695. After the U.S. Treasury disclosed the 10-year bond auction results, gold prices reached a daily high of $2,721.14, maintaining above the 50-day moving average of $2,669.93 for two consecutive days.
Spot silver remained stable at $31.9030 per ounce. COMEX gold futures rose by 1.29% to $2,753.60 per ounce, peaking at $2,759.70. COMEX silver futures increased by 0.15% to $32.795 per ounce.
