The predicament of crude oil played in favor of gold and silver, creating a
Feeding the rally of the precious metals was economic data from the United States. While not all reports were bad, the falling consumer confidence and declining manufacturing were yet another reason for investors stick to the safety of gold.
April contract for delivery of gold ticked up 0.6% to $1,229.9 per troy ounce as of 00:04 GMT on COMEX today. May futures for silver rose 0.56% to $15.33 per ounce. Copper edged lower by 0.36% to $2.098 per pound.
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