Gold and silver jump today as oil and Fed signals unsettle traders

Dip buying met inflation fears and fewer rate cuts

Gold and silver rose as bargain dip-buying met fresh inflation pressure from oil, while the Fed held rates steady. Traders also scaled back expectations of near-term rate cuts, shifting interest-rate bets that typically move precious metals. Analysts warn the outlook stays two-sided, with inflation and rate expectations likely to keep prices swinging in both directions.