Mixed metals respond to upbeat US data and divided Fed.

Gold and silver prices hit multi-week lows due to better-than-expected US economic data, a surging US dollar index, and rising US Treasury yields. The just-released second estimate of first-quarter US GDP came in better than expected, and weekly US jobless claims came in well below market expectations. The German economy slipped into recession in the first quarter. The US government has not yet come to an agreement to extend the government debt limit, which is causing anxiety in the marketplace.