Gold, Silver Hit Fresh Records on Softer Inflation, Haven Demand

Precious metals climbed to fresh record highs, with silver breaking above $90 an ounce on softer-than-expected U.S. inflation data and rising geopolitical risks. In early trading, New York gold futures rose 0.9% to $4,642.60 a troy ounce after reaching a record of $4,647.60.Silver futures soared 4.2% to $90.02 an ounce, having hit a high of $91.37 earlier in the session. Traders' expectations for the Federal Reserve to cut rates by midyear got a boost from the latest CPI reading, benefiting nonyielding asse ...