Precious Metals Set for Volatility as Key Data and Fed Speech Loom

Gold and silver prices have been volatile in recent days due to various economic indicators and Federal Reserve announcements. According to Kitco News, investors are anticipating heightened volatility this week as key inflation data and a speech from Fed Chair Kevin Warsh are released.

The Conference Board Consumer Confidence Index and New Home Sales will be released on Tuesday, providing insight into how elevated borrowing costs and persistent inflation are affecting households. Weakness in these indicators could reinforce expectations that the Fed will remain on hold in September, while stronger readings might suggest economic resilience.

Wednesday's data dump includes the Core PCE Price Index, the second estimate of second-quarter GDP, and Durable Goods Orders. The Core PCE index is a closely watched inflation measure, and a subdued reading could support patience among policymakers. The GDP revision follows an advance estimate of 1.5% annualized growth, down from 2.1% in the first quarter.