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Spot silver surges, gold firms as CPI risk lifts yields
Spot silver surged and spot gold firmed late Monday as traders balanced last week’s U.S. labor-market data against higher oil prices, firmer Treasury yields and Tuesday’s April CPI release. At the time of writing, spot gold was trading near $4,736.60 an ounce, up 0.49% on the session, while spot silver was trading near $85.990, up 7.20%. The U.S.-Iran track deteriorated again Monday after President Donald Trump rejected Tehran’s latest ceasefire proposal and said the truce was on “life support,” leaving the Strait of Hormuz still closed and keeping the oil-risk premium embedded in metals and rates. For ... (full story)