Spot gold climbed 0.13% to reach $4,217.00 an ounce, while silver gained 0.94% to settle at $67.985. Despite these gains, both metals remain under pressure from a restrictive interest-rate environment. Inflation data from May continues to weigh heavily on sentiment, with consumer prices rising 4.2% and producer prices climbing 6.5% year-over-year. These figures keep the Federal Reserve's policy stance firmly in focus for investors.

The broader equity markets capitalized on the cooling energy sector and positive momentum from SpaceX’s market debut. The S&P 500 rose 0.5% to 7,431.46, and the Dow Jones Industrial Average added 0.7%, closing at 51,202.26. While lower yields provided a tailwind for bullion, the lack of a sustained safe-haven bid suggests the market is currently prioritizing risk-on assets. Technically, gold bulls must push prices through a resistance zone between $4,194.00 and $4,250.00 to shift the current downward trend, while silver faces a similar hurdle at the $68.53 to $72.47 level.