Gold and silver shares were sharply higher in Tuesday afternoon trading amid a
rally in precious metals and modest weakness in the U.S. dollar. COMEX gold
futures, per the April contract, advanced $32.60, or 1.9%, to $1,758.50 per
ounce while silver futures jumped $1.21, or 3.7%, to $34.43 per ounce. The U.S.
Dollar Index slid as much as 0.4% to 78.797 this morning but pared its losses
this afternoon. The Philadelphia Gold & Silver Index (XAU) climbed 2.7% to
198.05, as precious metals stocks were the best performing sector of the U.S.
equity markets on the first trading day of the week.
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