April Gold closed up 0.5 at 1731.8. This was 3.7 up from the low and 23.7 off the high.
March Silver finished up 0.213 at 33.917, 0.533 off the high and 0.087 up from the low.
The gold market found considerable support from improving macro-economic sentiment during Thursday's trading as prices were able to climb back towards last week's highs for the move. Stronger than expected US economic data helped to ease market risk concerns, particularly with the Jobless Claims data remaining close to multi-year lows. However, positive developments with the ongoing Greek debt swap negotiations were seen by many traders as the major supportive factor for metals markets. In addition, strong Chinese inflation numbers released overnight have reinforced ideas that nation's economy can avoid a "hard landing" later on in the year.
The silver market made an early run at posting a new high for the move but ultimately gave back a large portion of those gains by the end of trading. Sluggish global equity market were widely felt to have held back silver prices later in the session as prices moved back below the critical $34.00 level in March silver. Diminishing risk concerns from the Euro zone helped to underpin prices near the recent highs.
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