Silver Leads Precious-Metals Gains on Dollar, Factory Data
- Date: 03-May-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Silver Leads Precious-Metals Gains on Dollar, Factory Data
(Bloomberg) -- Silver led gains in precious metals as the dollar dropped and a report showed U.S. manufacturing cooled in April, boosting demand for haven assets.
A gauge of factory activity fell in April from a more than 37-year high a month earlier, according to data from the Institute for Supply Management released Monday. Treasuries climbed to session highs following the data and the greenback retreated.