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Silver leads metals higher as traders defend key support - Kitco PM Report
Spot gold and silver prices were sharply higher late Thursday, as safe-haven demand tied to U.S.-Iran risk met a late-session pullback in crude oil after fresh deal signals. At the time of writing, spot gold was trading near $4,214.40 an ounce, up 3.54%, while spot silver was trading at $67.220, up 6.20% on the session. U.S. producer prices rose 1.1% in May and 6.5% from a year earlier, with final-demand energy up 10.7% on the month. Initial jobless claims rose to 229,000 in the week ended June 6 from 225,000 a week earlier. The data mix kept the inflation impulse in focus for metals traders, even as lower late-day ... (full story)
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- Jun 11, 5:01pm | 3 hr ago Posted byFundamental Analysis51
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