Silver outperforms gold to test $80 as US-Iran talks drive metals volatility - Kitco PM Report | Metals Mine

  • Silver outperforms gold to test $80 as US-Iran talks drive metals volatility - Kitco PM Report

    From kitco.com

    Spot gold prices were firmer and spot silver prices were sharply higher late Thursday, with traders balancing softer U.S. labor data against rising Treasury yields, oil volatility and another round of headlines tied to the Strait of Hormuz. At the time of writing, spot gold was trading near $4,700.60 an ounce, up 0.23%, while spot silver was trading near $79.230, up 2.59% on the session. Initial unemployment claims rose to 200,000 in the week ended May 2, up 10,000 from the prior week’s revised 190,000. The four-week moving average fell to 203,250, down 4,500 from the prior week’s revised average. Separately, ... (full story)

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