Gold and Silver Prices Fluctuate Amid Profit Taking and Inflation Data
TL;DR Summary
Gold and silver prices are slightly up but down from daily highs due to profit-taking pressure from shorter-term futures traders after both metals touched 13-month highs in the immediate aftermath of a tamer US inflation report. The US consumer price index report for March came in at up 5.0%, year-on-year, compared to market expectations for a rise of 5.1%. The CPI rose 6.0% in the February report. The minutes of the last FOMC meeting are due out this afternoon.
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