May 14, 2021

Gold rose sharply today to finish in the green, up about 0.4% for the week. Silver rose nearly $0.50 cents today but ultimately ended the week nearly right where it began.  Metals fell sharply earlier in the week as Treasury yields hit 5-week highs, but worrisome inflation data showed prices jumped more in April than any other month in the past 13 years. Subsequent inflation worries helped boost metals and certain stock sectors. The Dow rose 360 points today and the Nasdaq jumped 2.3% but still finished the week in the red as tech stocks were the hardest hit by rising yields.