Precious metals surge towards all-time highs amid market pressures.
TL;DR Summary
Gold and silver prices see mild profit-taking after hitting 12-month highs overnight, but remain in strong technical positions to suggest more upside in the near term. Safe-haven demand amid banking turmoil in the US and Europe, a weakening US dollar index, and a surge in crude oil prices have helped rally the metals. US stock indexes are mixed to weaker at midday after downbeat economic data was released Tuesday, and today's ADP national employment report came in weaker than market expectations. The US markets will have to wait until Monday to react to Friday's employment situation report for March from the Labor Department.
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