(Kitco NewsWire) - Spot gold and silver prices are higher in late-afternoon U.S. trading Tuesday, as a softer-than-expected U.S. CPI report pushed Treasury yields and the U.S. dollar lower, helping metals recover even as crude oil stayed bid on renewed U.S.-Iran tension

(Kitco News) – Gold’s weakness last month pushed prices into negative territory in H1, but Chinese gold ETFs still saw notable net inflows in the first six months, while wholesale demand rebounded on a monthly basis in June, according to Ray Jia, research head for China at the World Gold Council (WGC).In the WGC’s latest China gold market update, Jia noted that June’s pronounced price weakness erased all of gold’s earlier gains and resulted in the yellow metal ending the first half of 2026 in the red.

(Kitco News) – New Federal Reserve Chair Kevin Warsh used the opening statement of his first testimony before Congress to present a positive depiction of the state of the economy, and a vision for monetary policy centered on the price stability side of the central bank’s dual mandate.