Precious Metals Shine as U.S. Economic Data Dampens Outlook

Gold and silver prices rally as weaker-than-expected U.S. economic data, including a low consumer confidence index and jobs turnover report, prompts buying interest in precious metals. The U.S. dollar index and Treasury yields also decline. U.S. stock indexes rise, supported by the weak economic data, while Asian and European markets are lifted by China's tax rate cut and capital market support pledge. The busy U.S. data week includes Friday's employment situation report. Gold hits a three-week high and silver reaches a four-week peak.