(Kitco News) – Gold and silver both came under renewed pressure following last week’s elevated CPI and PPI prints. Still, gold ETF demand has bucked the earlier trend to rise to annual highs despite the oil and rate headwinds. At the same time, India’s evolving import tax rules continue to impact precious metals demand, according to precious metals analysts at Heraeus.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.