Precious metals jumped as disappointing US data damped rate hike speculations. The benchmark Comex gold contract gained 2.163% and settled at a 5-week high of 1218.4 while the silver contract jumped +4.22% to settle at 17.21. Interestingly, despite dampened rate hike speculations, US and German bond yields still surged to their highest in more than 5 months.
Continued here:
Gold Jumped to 5-Week High on Disappointing US Data