US gold, silver close strong on inflation readings

Newswire

NEW YORK, May 31 (Reuters) - U.S. gold and silver futures finised Thursday with strong gains, helped by suggestions of increasing inflationary pressure, a weaker dollar versus euro, and a rally in base metals, traders said. A big drop in the dollar versus euro, following news the U.S. economy grew at its slowest pace in over four years, provided an early boost to both metals. By the time the dollar later trimmed most of those losses, a hefty round of short cover buying along with other ...

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