New Delhi, June 10 -- Gold and silver pared losses on Wednesday, 10 June, after the US May inflation report came in lower than expected, although gains remained capped amid escalating tensions in the Middle East. A strong US dollar also continued to keep precious metals under pressure.

Although Comex gold recovered from the day's low of $4,152 per troy ounce - its weakest level in more than two months - it was still trading sharply lower by $93 at $4,192. If the yellow metal closes lower for the session, it would mark the fourth consecutive day of losses.

Silver futures on Comex, however, turned positive in trade after recovering nearly $2 per troy ounce to $65.46. So far this week, silver has declined 5.25%, while gold has lost 4%.

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