Gold, silver prices today: Comex gold and silver rebound as softer US inflation eases Fed rate hike fears

Gold and silver prices rebounded on 14 July after softer-than-expected US inflation data eased fears of aggressive Federal Reserve rate hikes. US CPI fell 0.4% in June, bringing annual inflation down to 3.5% (below Street estimates of 3.8%), while September rate hike odds dropped to 63% from over 75%. Tracking the global rally, MCX gold futures jumped about Rs 3,000 to hit an intraday high of Rs 1,43,194 per 10 grams, and MCX silver rose Rs 7,710 to about Rs 2,25,428 per kg.