Gold and silver retreated on Monday following the Friday’s rally. Silver gained and gold rose to the highest level in more than a year by the weekend due to confusing nonfarm payrolls that muddled the outlook for Federal Reserve’s monetary policy. Today, the metals back off as the rally of crude oil made investors bolder and less interested in assets that are considered to be safe. The losses were marginal, though. April futures for delivery of gold went down 0.2% to $1,268.1 per troy ounce as of 21:21 GMT on COMEX today. May silver ticked down 0.18% to $15.67 per ounce.
Prices for iron ore soared today on hopes that China will add economic stimulus to reignite its cooling growth. Skeptics say that the rally would be
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