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PRECIOUS METALS: Slow US Inflation Dents Gold, Silver Eyes Dollar [PIN]
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NEW YORK (Dow Jones)–A weaker dollar helped silver futures eke out mild gains while gold prices slipped on neutral U.S. inflation data Friday.
The most actively traded gold contract, for June delivery, was recently down $2.60, or 0.2%, at $1,504.20 per troy ounce on the Comex division of the New York Mercantile Exchange. May-delivery gold was up $4.30, or 0.3%, at $1,510.90 per troy ounce.
The most actively traded silver contract, for July delivery, was up 31.8 cents, or 0.9%, at $35.115 per troy ounce. May-delivery silver was up 33.2 cents, or 1%, at $35.125 per troy ounce.
U.S. consumer prices rose at a seasonally adjusted 0.4% in March, following a 0.5% in February, again driven up by higher gasoline and grocery prices.
[link to online.wsj.com]
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