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Precious Metals Surge, Consumer Sentiment Hits New Low

Precious Metals Surge, Consumer Sentiment Hits New Low
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Gold jumps as U S consumer sentiment drop eases early tapering fears

Gold jumps as U S consumer sentiment drop eases early tapering fears
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Gold edges up on easing U S yields, economic data in focus

Gold prices rose on Wednesday, hovering below a near five-month peak hit the previous session, as U.S. Treasury yields pulled back, while investors awaited key…

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PRECIOUS-Gold scales 3-1/2 month peak on subdued stocks, U S yields

PRECIOUS-Gold scales 3-1/2 month peak on subdued stocks, U S yields
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PRECIOUS-Gold scales 3-1/2 month peak on subdued stocks, U S yields

Platinum market will be undersupplied this year -WPIC Silver hits highest in nearly three months (New throughout, updates prices, market activity and comments) May 17 (Reuters) - Gold prices climbed on Monday to their highest in more than three months, with the precious metal appealing to cautious investors as U.S. Treasury yields remained subdued even as stock prices fell on inflation worries. Spot gold jumped 1.3% to $1,866.84 per ounce by 1:50 p.m. EDT (1750 GMT), after hitting its highest since Feb. 1 at $1,868.26. U.S. gold futures settled up 1.6% at $1,867.60. “There’s a flight to safety out of the equity markets . and anticipation that we’re going to continue to see inflation numbers trend much stronger going forward,” said Jeffrey Sica, founder of Circle Squared Alternative Investments.

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