Precious Metals

Today, silver rose 0.4 percent, or $0.08, to trade at $20.96 an ounce. However, it did not regain the three-month high it reached on Tuesday.

Today, silver rose 0.4 percent, or $0.08, to trade at $20.96 an ounce, according to Reuters. However, it did not regain the three-month high it reached on Tuesday.

US economic data that did not meet expectations pressured the dollar and equities, causing precious metals to gain appeal as safe-haven investments. Specifically, Bloomberg notes, US GDP data shows that the country’s economy contracted more in the first quarter of 2014 than it has in the last five years.

MARKETS

Markets
TSX20269.97+89.37
TSXV669.57-8.93
DOW34152.01+239.57
S&P 5004305.20+8.06
NASD13102.55-25.50
ASX7064.30+31.80

COMMODITIES

Commodities
Gold1774.49-0.97
Silver20.11-0.02
Copper3.64+0.01
Palladium2160.00+15.00
Platinum937.60+3.60
Oil86.69+0.16
Heating Oil3.45+0.01
Natural Gas9.34+0.01

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