Gold and silver prices have retreated due to pressure from the US inflation and a rate hike by the European Central Bank. This development has affected the markets, causing the prices of these precious metals to decline.

Further information on this topic is available from Anadolu Ajansı, which reported on the retreat of gold and silver prices.

The source provides details on how US inflation and the ECB rate hike have impacted the prices of gold and silver, but specific details are not provided here and can be found through the original report.