15 Apr '11, 8pm

Gold, silver prices gain on inflation worries

Gold and silver are gaining on inflation worries after the government said consumer prices increased last month on higher food and gasoline costs. Gold settled up about 1 percent Friday while silver rose 2.2 percent. The Labor Department says the Consumer Price Index rose 0.5 percent in March. Excluding gas and food costs, the index was 0.1 percent higher. Many analysts are concerned about inflation as prices continue to rise. Meanwhile, new data shows China's inflation rate jumped to a 32-month high in March despite government efforts to control it. In other trading, oil and most energy products rose. Wheat and soybeans rose, but corn prices fell.

Full article: http://sg.news.yahoo.com/gold-silver-prices-gain-inflatio...

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