FXstreet.com (Córdoba) - Gold fell on Wednesday as the Greenback strengthened, damping demand for metals. However, the precious metal regained part of the lost ground after a report showed the US CPI rose more than expected in May and accelerated to the upside after worse-than-expected US industrial output figures.
Gold, which had fallen to a low of $1513.83 an ounce, bounced and rose over $20 toward $1534.23. The yellow metal is currently quoting around $1531.50, 0.53% above its Wednesday's opening price.
As for silver, the gray metal has moved in tandem, bottoming out at $34.78 and rebounding toward $35.65 where it holds at time of writing, recording a 0.73% gain.
