The prices of precious metals continued to follow an upward trajectory on Wednesday with silver going above 4%.
The latest report on consumer prices in the United States seemingly rekindled hopes that the Federal Reserve's monetary policy path might end up being less stringent than previously thought, as inflation in the country came in lower than anticipated.
Silver skyrocketed 4.09% to go for $24.07 per ounce at 11:57 am ET. Gold jumped 1.23%, selling for $1,955.77 per ounce at the same time. Palladium soared 2.74% to reach $1,270.08 per ounce at 11:58 am ET. Platinum surged 2.59% to $952.78 per ounce concurrently.
