Summary Box: Gold, silver surge on economic data

AP News
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Posted: Apr 14, 2011 3:54 PM
Summary Box: Gold, silver surge on economic data

PRECIOUS GAINS: Gold and silver prices surged after the government reported higher wholesale prices and more applications for unemployment benefits. The news added to worries about unsettled global issues including Europe's financial problems and Japan's nuclear crisis.

RAIN FOR PLAINS?: Wheat prices fell after a weekend forecast called for rain from the northern plains into the upper Midwest. Corn and soybean prices also fell.

GAS SUPPLY: Natural gas jumped nearly 2 percent after the government said U.S. supplies grew less than expected last week. Oil also rose while heating oil and gasoline prices fell.