Gold Edges Higher, Silver Falls Below $61 Amid Oil Rebound

Gold prices edged higher on Wednesday, rising 0.13% to $4,186.15 an ounce, despite elevated Treasury yields that limited further gains.

Silver, however, fell 0.78% to $60.97, slipping below the $61 level it had briefly reclaimed a day earlier.

The divergence between gold and silver came as oil prices rebounded, with WTI crude rising 2.13% to $91.28 a barrel and Brent climbing 0.86% to $103.47.

Gold also gained after softer-than-expected US inflation data weighed on the dollar, but Treasury yields remain the bigger headwind for bullion this week.