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NEW YORK SPOT METAL PRICES

April 11, 2024

Despite a brief hiccup yesterday due to a hotter than expected CPI reading, gold rebounded Thursday and is on pace to close near record highs. The metal is currently trading at $2,360 while silver regained the $28 threshold and is trading at a 3-year high. The PPI index rose 0.2% in March and prices jumped 2.1% year-over-year; both readings were below expectations which helped boost metals and equities. The S&P 500 is up about 0.9% today and the Nasdaq is up 1.6%.