June Gold futures recovered toward $4,790 an ounce as markets processed the cancellation of Middle East peace talks and stronger retail sales data. Rate cut expectations remained uncertain, with CME FedWatch indicating a 100% probability of a rate hold at the April 29 FOMC meeting amid sticky, oil-driven inflation risks. In the industrial sector, Silver futures rebounded to $78 an ounce on surging Chinese retail and solar demand. Meanwhile, Copper futures climbed above $6.12 a pound, fully erasing conflict-related losses as AI and grid infrastructure buildouts are expected to drive 60% of demand through 2030.
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