The prices of precious metals continued to grow on Thursday after the United States posted a new decline in initial jobless claims, signaling that the country might avoid recession, leading to a rise in the 10-year Treasury yield. The news seemingly encouraged traders, who went on to invest in the metals and stock market.
Gold increased by 1.36% at 11:06 am ET to sell for $2,415.17 per ounce. A minute later, silver jumped by 2.92% to go for $27.39 per ounce. Platinum went up by 1.87% to sell for $935.39 per ounce. Palladium soared by 3.53% to go for $909.38 per ounce.
