Silver Price Today Jumps Above $79 as Dollar Slides, Iran Talk Hopes Lift Metals
Spot silver surged 5.2% to $79.48 an ounce Tuesday as the dollar weakened and oil prices fell amid hopes for renewed U.S.-Iran talks. The U.S. Producer Price Index rose 0.5% in March, less than expected, easing some inflation concerns. Gold rose 2% to $4,831.78, while platinum and palladium also gained. Traders see about a one-in-three chance of a Fed rate cut this year.