Gold and Silver Rebound as Treasury Yields Fall Despite Hot PPI Data

Precious metals prices climbed solidly in early US trading on Thursday, recovering from sharp prior losses. Declining Treasury yields, a softer dollar and fresh safe-haven buying outweighed hotter-than-expected producer inflation. At writing, gold stood near 4147.50 dollars per ounce, up 43 dollars, while silver traded around 56.620 dollars, up 1.10 dollars.