Investors are returning from their long Easter weekend with gold futures surging more than 1%. Traders are parking their money into
June gold futures advanced $16.39, or 1.24%, to $1,343.70 per ounce at 16:14 GMT on Monday. The yellow metal slipped 2.1% last week thanks to positive economic news and the market anticipating
Silver, the sister commodity to gold, is also rallying to kick off the trading week. May silver futures climbed $0.322, or 1.98%, to $16.59 an ounce. The white metal recorded a 1.9% weekly loss last week and shed 5.1% in the
China has apparently followed through on its promise to retaliate on President Donald Trump’s recent tariffs on steel and aluminum imports. The world’s
US manufacturers are still booming, but the industry index slipped in March. The Institute for Supply Management (ISM)’s manufacturing index tumbled to 59.3% last month, down from 60.8% in February, a 14-year high. Any reading over 50 is generally positive, suggesting that companies are expanding rather than contracting.
Gold’s gains were capped by a stronger US dollar as the greenback rose 0.12% to climb above the crucial 90.0 threshold. A rising buck is bad for
Other metals were mixed on Monday. May copper futures rose $0.025, or 0.83%, to $3.0505 per pound. May platinum futures increased $4.00, or 0.43%, to $936.60 an ounce. May palladium futures plunged $15.90, or 1.68%, to $927.90 an ounce.
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