Gold rallies above $4,120 as buyers test resistance - Kitco AM Report

(Kitco NewsWire) - Spot gold and silver prices are higher ahead of the North American market open Wednesday, as buyers extended this week’s rebound while traders weighed softer recent U.S. inflation data, resilient activity readings, elevated oil prices and next week’s Federal Reserve meeting. At the time of writing, spot gold was trading near $4,125.10 an ounce, up 1.19%, while spot silver was trading near $59.44, up 1.32% on the session.