-
Gold and Silver Rise Again After Another Inflation Data Release
Precious metals registered a second day of across-the-board gains and also achieved another round of settlement highs, reaching back to early May for silver and mid-June for both gold and platinum. Gold for August delivery climbed by $2.10, or 0.1%, to settle at $1,963.80 an ounce on the Comex division of the New York Mercantile Exchange. Like in the prior session, the settlement was gold’s highest since June 16. "Another tame U.S. inflation report today has the marketplace thinking the Federal Reserve is likely nearer the end of its interest-rate-hiking cycle. That’s bullish for commodity markets, including the ... (full story)