silver comex – Gold Price Today

COMEX Gold and Silver Rally Sharply After US Inflation Data Signals Cooling Price Pressures

Abhishek Singh — Tue, 14 Jul 2026 13:08:23 +0000

COMEX gold and silver prices posted strong gains after the latest US inflation report showed that consumer price pressures eased significantly in June, reinforcing investor optimism while shifting market focus toward the Federal Reserve’s next policy decisions. The softer inflation figures also came as Federal Reserve Chair Kevin Warsh reaffirmed the central bank’s commitment to restoring price stability, even as the US economy continues to expand at a solid pace.

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At the latest reading on April 14, 2026 around 06:00 PM (IST) :

COMEX Gold climbed to 4,104.80 US dollars per ounce, gaining 99.10 US dollars (+2.47%).
COMEX Silver advanced to 59.84 US dollars per ounce, rising 1.868 US dollars (+3.22%).

The rally followed the release of June’s Consumer Price Index (CPI), which pointed to easing inflation after months of elevated price pressures.

MCX Prices also Surged:

MCX Gold climbed to 1,42,639 Rupees per 10 grams, gaining 2,330 Rupees (+1.66%).
MCX Silver climbed to 2,24,310.00 Rupees per kilogram, rising 6,600.00 Rupees (+3.03%).

US Inflation Cools Significantly in June

According to the US Bureau of Labor Statistics, overall consumer prices increased 3.5% year-over-year in June, easing from 4.2% in May, which had marked the highest inflation reading in three years.

On a monthly basis, the Consumer Price Index (CPI-U) declined 0.4%, following a 0.5% increase in May. This represented the largest one-month decline since April 2020, when prices fell 0.8%.

The moderation in inflation offered relief after several months of elevated prices driven largely by energy costs and geopolitical tensions.

Core Inflation Also Moderates

The closely watched core CPI, which excludes food and energy prices, rose 2.6% from a year earlier, compared with 2.9% in May.

Month-on-month, core inflation remained unchanged.

Several categories including motor vehicle insurance, communication services, apparel, medical care, and used vehicles recorded price declines during June. Meanwhile, recreation, household furnishings and personal care continued to register modest increases.

Energy Prices Drive the Improvement

The largest contributor to the monthly decline came from the energy sector.

The energy index fell 5.7% in June, reversing strong gains recorded during previous months.

Lower fuel prices helped ease overall inflation after the spring surge triggered by the US-Israeli military strikes on Iran and the subsequent near-complete closure of the Strait of Hormuz, which had pushed oil prices sharply higher.

Retail gasoline prices, which had climbed above 4.50 US dollars per gallon nationally during May, have since fallen below 4 US dollars, contributing to softer inflation across several energy-related sectors, including transportation and airfares.

Meanwhile, the food index increased 0.2% during June, while annual food inflation stood at 3.0%.

Despite the monthly decline, the energy index remained 15.7% higher than a year earlier.

Federal Reserve Chair Kevin Warsh Reaffirms Inflation Commitment

During his first monetary policy testimony before Congress since becoming Federal Reserve Chair, Kevin Warsh emphasized that restoring price stability remains the central bank’s highest priority.

Warsh stated that the Federal Reserve’s primary objective is to ensure monetary policy remains appropriately calibrated to bring inflation under control.

He acknowledged that elevated inflation over recent years has imposed significant costs on American households and businesses, with rising energy prices contributing to the latest inflationary pressures.

While noting that monthly inflation readings can fluctuate due to global developments, Warsh stressed that longer-term inflation is ultimately determined by monetary policy.

He reiterated that Federal Reserve policymakers remain fully committed to returning inflation toward the central bank’s 2% target.

US Economy Remains Resilient

Warsh also described the US economy as continuing to expand at a solid pace despite recent global uncertainties.

He highlighted business investment as one of the strongest aspects of current economic activity, pointing particularly to accelerating spending on artificial intelligence infrastructure, including new data centers, AI equipment and software.

According to Warsh, although the long-term economic benefits of AI investment remain uncertain, artificial intelligence is increasingly becoming part of mainstream business investment rather than a separate growth theme.

He has previously argued that stronger productivity driven by AI could eventually help reduce inflationary pressures over time.

Federal Reserve Launches Internal Review

Warsh also outlined a comprehensive review of Federal Reserve operations through five newly established task forces.

The review will examine:

Federal Reserve communications
Technology systems
Balance sheet management
Economic data used in policymaking
Inflation measurement and analysis

He described the initiative as the beginning of a “new chapter” for the Federal Reserve while expressing appreciation for the institution’s staff and policymakers.

Market Focus Shifts to Future Fed Decisions

With inflation showing signs of moderation but remaining above the Federal Reserve’s long-term target, investors are expected to closely monitor upcoming economic reports and future comments from Fed officials for additional guidance on the path of interest rates.

The combination of cooling inflation, resilient economic growth and continued investment in AI is expected to remain central themes for financial markets in the coming months.

Frequently Asked Questions (FAQs)

1. Why did COMEX gold and silver prices rise sharply?

Gold and silver rallied after US inflation slowed more than expected in June, boosting investor confidence and shifting attention toward future Federal Reserve policy decisions. Lower inflation reduced immediate concerns over persistent price pressures.

2. What did the latest US CPI report show?

The Consumer Price Index rose 3.5% year-over-year in June, down from 4.2% in May. Monthly CPI declined 0.4%, marking the largest one-month drop since April 2020, while core inflation eased to 2.6%.

3. What role did energy prices play in the inflation decline?

Energy prices fell 5.7% during June as gasoline prices declined following the easing of oil market disruptions linked to Middle East tensions. Lower energy costs were the biggest factor behind the overall decline in inflation.

4. What did Federal Reserve Chair Kevin Warsh say about inflation?

Warsh said the Federal Reserve remains fully committed to restoring price stability and has no tolerance for persistently high inflation. He emphasized that monetary policy will continue to focus on bringing inflation back toward the 2% target.

5. What are investors watching next after the inflation report?

Markets will closely monitor upcoming economic data, future Federal Reserve communications and interest rate expectations to assess whether cooling inflation could influence the central bank’s policy path in the months ahead.

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Gold Silver Big Fall: Gold and Silver Prices fell sharply on COMEX after USA’s latest strikes on Iran

Abhishek Singh — Wed, 08 Jul 2026 10:44:22 +0000

Gold Silver Big Fall: International precious metals came under heavy selling pressure on Wednesday (July 8, 2026) after geopolitical tensions in the Middle East escalated sharply. Gold and silver prices declined as investors reacted to fresh developments involving the United States and Iran, while crude oil prices rallied following comments from US President Donald Trump declaring that the ceasefire with Iran was “over.”

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COMEX Gold and Silver Prices

As of 3:30 PM IST, international precious metals were trading lower:

COMEX Gold: 4,054.20 US dollars per ounce, down 103.20 US dollars (-2.48%)
COMEX Silver: 58.895 US dollars per ounce, down 2.435 US dollars (-3.97%)

The decline in bullion prices came despite heightened geopolitical tensions, as broader market sentiment shifted following the latest developments between Washington and Tehran.

Trump Declares Iran Ceasefire “Over”

Speaking during a joint press conference with NATO Secretary General Mark Rutte at the NATO Summit in Ankara, Turkey, US President Donald Trump said the ceasefire between the United States and Iran was effectively over.

Responding to questions from reporters, Trump stated that he believed the ceasefire had ended and added that he no longer wanted to negotiate with Iran, describing further discussions as “a waste of time.”

His remarks followed renewed military escalation after both countries accused each other of violating the ceasefire reached last month.

US Launches Retaliatory Strikes on Iran

According to the report, the US military carried out a series of retaliatory strikes against Iranian targets after three commercial vessels transiting the Strait of Hormuz came under attack.

US Central Command (CENTCOM) said American forces struck more than 80 targets, including:

Air defence systems
Command and control networks
Anti-ship missile capabilities

CENTCOM also stated that more than 60 small boats belonging to Iran’s Islamic Revolutionary Guard Corps were hit as part of efforts to reduce Iran’s capability to attack international shipping.

The US described the operation as a response to attacks on commercial vessels navigating an international waterway.

Iran Condemns the US Operation

Iran’s Foreign Ministry described the American strikes as a “gross violation” of the memorandum of understanding reached between the two countries last month.

The ministry said Iran’s armed forces would continue defending the country’s territorial integrity, sovereignty and national security against what it described as American military aggression.

Oil Prices Surge After Trump’s Remarks

Crude oil prices moved sharply higher following Trump’s comments and the latest military developments.

Brent Crude (September Contract): 78.62 US dollars per barrel, up 4.46 US dollars (+6.01%)
West Texas Intermediate (WTI): around 74.60 US dollars per barrel, gaining approximately 5.9%

The renewed tensions revived concerns over possible disruptions in the Strait of Hormuz, one of the world’s most important shipping routes for crude oil and other commodities.

Markets Continue to Monitor Geopolitical Risks

The latest developments have once again placed global financial markets on alert. Investors are closely monitoring the evolving geopolitical situation, movements in crude oil prices and their potential impact on inflation, commodities and broader financial markets.

The conflict follows similar attacks last month that temporarily disrupted shipping through the Strait of Hormuz and raised concerns about energy supplies worldwide.

FAQs

1. Why did COMEX gold and silver prices fall sharply on July 8, 2026?

COMEX gold and silver declined after US President Donald Trump announced that the ceasefire between the United States and Iran was over. The renewed military conflict, increased market uncertainty and sharp movements in energy prices contributed to heavy selling across precious metals.

2. What were the latest COMEX gold and silver prices at 3:30 PM IST?

At 3:30 PM IST, COMEX Gold traded at 4,054.20 dollars per ounce, down 103.20 dollars (2.48 percent), while COMEX Silver traded at 58.895 dollars per ounce, down 2.435 dollars (3.97 percent).

3. What triggered the latest escalation between the United States and Iran?

The United States launched military strikes on more than 80 targets in Iran after attacks on three commercial vessels in the Strait of Hormuz. Both countries accused each other of violating the ceasefire that had been agreed upon last month, leading to renewed hostilities.

4. How did the geopolitical developments affect oil prices?

The renewed conflict pushed crude oil prices significantly higher. Brent crude rose to around 78.62 dollars per barrel, gaining 6.01 percent, while West Texas Intermediate (WTI) crude climbed to approximately 74.60 dollars per barrel, reflecting growing concerns over potential supply disruptions.

5. Why is the Strait of Hormuz important for global commodity markets?

The Strait of Hormuz is one of the world’s most important maritime routes for transporting crude oil and other essential commodities. Any military escalation or disruption in the region can affect global energy supplies, influence oil prices and increase volatility across financial and commodity markets.

Gold Price Today: Big fall in COMEX Gold and Silver Today after the Strong US Jobs Report, 06 June 2026

Abhishek Singh — Sat, 06 Jun 2026 05:55:02 +0000

Gold Price Today: A wave of heavy selling swept through the global precious metals market on June 06, with COMEX gold and silver recording some of their steepest declines in months. On Saturday, at 11:00 AM Gold plunged 146.40 dollar which is more than 3%, while silver crashed over 8% that is 6.11 dollar, as investors rushed to reassess Federal Reserve interest-rate expectations following a surprisingly strong U.S. employment report. The sharp fall erased a significant portion of this year’s gains and triggered widespread liquidation across the bullion complex, highlighting a dramatic shift in market sentiment toward risk assets and higher-yielding investments.

Precious metals came under intense pressure after fresh economic data signaled that the U.S. labor market remains far stronger than expected. The stronger-than-anticipated employment numbers reinforced expectations that the Federal Reserve could keep interest rates elevated for longer, reducing the appeal of non-yielding assets such as gold and silver.

COMEX Gold Falls Over 3%, Hits Multi-Month Low

Gold prices on the COMEX suffered significant losses, with the yellow metal dropping 146.40 Dollar or 3.27% to trade at 4,328.87 Dollar per troy ounce. The sharp decline pushed gold to its lowest level in several months and erased a substantial portion of the gains accumulated earlier this year.

The latest correction comes after robust U.S. labor market data strengthened confidence in the American economy, reducing the immediate appeal of safe-haven assets such as gold. Rising Treasury yields and a stronger U.S. dollar further intensified selling pressure across the bullion market.

Silver Tumbles More Than 8% in One of Its Biggest Daily Declines

Silver experienced an even steeper decline than gold, highlighting the metal’s traditionally higher volatility. COMEX silver plunged 6.11 Dollar or 8.27% to 67.78 Dollar per troy ounce, marking one of the sharpest single-day declines seen in recent months.

The white metal has now fallen to levels last witnessed in late March, with investors aggressively reducing exposure to precious metals following the latest economic data release. Market participants cited profit booking, stronger dollar sentiment, and rising interest-rate expectations as key factors behind the sharp correction.

Strong US Jobs Report Triggers Market Repricing

The primary catalyst behind the sell-off was the latest U.S. employment report, which showed that the American labor market remains remarkably resilient despite higher borrowing costs and ongoing global uncertainties.

Nonfarm payrolls increased well above market expectations during May, while the unemployment rate remained steady at 4.3%. The stronger-than-anticipated employment data has led traders to reassess the outlook for Federal Reserve policy in the coming months.

With economic activity remaining firm, investors increasingly believe that the Federal Reserve may delay any potential rate cuts and could even consider additional policy tightening if inflation remains elevated.

FAQ’s

1. Why did gold and silver prices fall sharply on June 06, 2026?
Gold and silver prices declined sharply after a stronger-than-expected U.S. jobs report increased expectations that the Federal Reserve may keep interest rates higher for a longer period. Higher rates reduce the appeal of non-yielding assets such as precious metals.

2. How much did COMEX gold and silver decline?
COMEX gold dropped by 146.40 dollar or 3.27% to 4,328.87 dollar per troy ounce, while COMEX silver fell by 6.11 dollar or 8.27% to 67.78 dollar per troy ounce, marking one of the biggest daily declines in recent months.

3. What impact does strong U.S. employment data have on precious metals?
Strong employment data signals a healthy economy and can lead to expectations of tighter monetary policy. This often strengthens the U.S. dollar and Treasury yields, which typically puts downward pressure on gold and silver prices.

4. Why are investors focusing on Federal Reserve interest rate expectations?
Federal Reserve policy plays a major role in determining precious metal prices. If interest rates remain elevated or increase further, investors may prefer interest-bearing assets over gold and silver, reducing demand for bullion.

5. What should investors watch next in the gold and silver markets?
Investors will closely monitor upcoming Federal Reserve comments, inflation data, Treasury yields, and U.S. economic indicators. Any changes in interest-rate expectations or geopolitical developments could significantly influence gold and silver price movements.