Gold, silver see solid price gains after tamer U.S. inflation data gold silver inflation
- Gold and silver prices are sharply higher and hitting new daily highs in early U.S. trading Wednesday, following a U.S. inflation report that came in just a bit tamer than market expectations. Gold and silver hit a 13-month highs today. The powerful gold market bulls are eyeing pushing prices to a new record high. The present all-time peak for the yellow metal is $2,078.80, basis nearby Comex futures. June gold was last up $23.90 at $2,043.00 and May silver is up $0.414 at $25.70.
The key outside markets today see the U.S. dollar index sharply lower. Nymex crude oil prices are up, hit a 2.5-month high and trading around $82.25 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.365%.
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