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(Bloomberg) -- Silver’s been the worst-performer among major precious metals in 2022, but prices may have fallen far enough to spark a modest recovery.Most Read from BloombergFBI Raid Focused on Material Trump Brought from White HouseChina Seizes on Pelosi Visit to Set ‘New Normal’ for TaiwanSan Francisco ‘Froth is Gone’ as Wealth Fades, Housing SlumpsS&P 500 Finishes Lower After Wiping Out 1% Rally: Markets WrapThe white metal has lost about 11%, weighed down by the stronger US dollar, rising i
Asian shares eked out modest gains on Tuesday as buyers were held back by persistent global cost pressures, with investors turning their focus this week to U.S. inflation data and the prospects for further aggressive Federal Reserve rate hikes. The unexpectedly strong U.S. jobs data on Friday have raised the stakes for the July U.S. consumer prices report due on Wednesday, especially for the Fed's policy outlook. "U.S. stocks were struggling to hold on to gains, as the focus moves from a robust U.S. labour market to the U.S. CPI data out later this week," ANZ analysts said in a note.
Gold prices edged lower on Tuesday as investors awaited U.S. inflation data due later in the week that could offer more clarity on the Federal Reserve's rate-hike plans to combat rising pricing pressures. Spot gold was down 0.2% at $1,785.23 per ounce, as of 0521 GMT. U.S. gold futures eased 0.2% to $1,802.10.