Precious metals rally as dollar, yields retreat
Silver price jumped more than 2% to its highest in over a month, as the dollar hovered around a four-week low and US Treasury yields remained below last month's year highs despite better-than-expected US economic data, pushing more investors towards safe haven assets as a refuge against possible inflation ahead. Earlier this week, the US consumer price inflation jumped to 2.6% in March, the highest since August 2018 but only marginally above the market consensus of 2.5% and mainly because of the base effect.
Silver and TNOTES moved sharply higher after today’s macroeconomic data releases from the US. Source: xStation5
