Updated from 1:11 p.m. EST
Gold's advance continued Tuesday, despite the release of tame inflation news. U.S. core producer prices might have been contained in March, but gold maintains its strength as crude still trades well above $70 amid tensions over Iran's nuclear ambitions.
Gold for June delivery finished on a gain of $4.50 at $623.30 an ounce, after hitting a new 25-year high of $623.80 intraday. Among other metals, silver advanced 42 cents to $13.78 an ounce, just off a fresh 22-year high of $13.80. Copper rose 7.60 cents to $2.9710 an ounce after earlier touching yet another all-time high of $2.97.
Gold briefly fell back in morning trade after the Labor Department said producer prices, excluding food and energy, rose a tame 0.1% last month. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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