Precious Metals – Silver bounces from 12 pct fall, gold up ahead of US jobs

- May 6th, 2011

Reuters reports that precious metals rebounded as cheaper prices lured in Asian investors keeping a wary eye on U.S. employment data due later in the day.

Reuters reports that precious metals rebounded as cheaper prices lured in Asian investors keeping a wary eye on U.S. employment data due later in the day.

The market news is quoted as saying,

“From a fundamental point of view, people are really starting to question where the U.S. economic recovery is andwhether asset prices should be at such high levels,” saidJonathan Barratt, managing director of Commodity Broking Services in Sydney.

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