Precious Metals Update: Gold, Silver, Fed Rates, and Inflation Outlook | CPM Group - News and Statistics - IndexBox

AI desk brief

CPM Group’s Jeffrey Christian expects gold and silver to stay volatile over the next two weeks as traders reposition into the September FOMC and react to CPI/PPI prints. He says softer inflation would reduce the odds of another Fed hike and support precious metals, while hotter numbers could revive 25bp tightening bets and pressure the complex.

Christian’s broader message is that the bigger driver remains the macro backdrop rather than a single Fed meeting: persistent inflation, large budget deficits, rising government debt, political instability and ongoing global risks should all continue to underpin gold and silver over the medium term. CPM still expects both metals to climb over the coming months.

The briefing also flagged spillover sensitivity across currencies, bonds and equities, with gold and silver likely to move sharply on the data releases. Platinum and palladium were mentioned only briefly, with no specific levels given.