On Wednesday, investors reacted positively to the latest inflation statistics from the United States, leading to an increase in the prices of precious metals. The annual inflation rate in April decreased to 3.4%, slightly below experts' expectations and lower than the 3.5% recorded in March. As a result, investors are now speculating that the Federal Reserve's monetary policy tightening cycle may be coming to an end .

Gold and silver prices have jumped, reflecting a growing preference for precious metals among investors, who are hopeful that the Federal Reserve will halt its interest rate hikes. Platinum and palladium have also seen gains, indicating a broader trend of growing confidence in precious metals as a hedge against inflation and economic uncertainty.

As inflation shows signs of slowing, the potential end of the Federal Reserve's tightening cycle could support further gains in precious metals. Investors will continue to closely monitor economic data, with precious metals likely to remain attractive assets in an environment of tempered inflation expectations .