Summary Box: Gold, silver gain on inflation fears

AP News
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Posted: Apr 15, 2011 3:49 PM
Summary Box: Gold, silver gain on inflation fears

INFLATION FEARS: Gold and silver rose on inflation worries after the government said consumer prices increased largely due to higher food and gasoline costs. China's inflation rate jumped despite the government's efforts to control it.

THE HEDGE: Investors often buy gold, silver and other commodities as a hedge against inflation and a weak dollar. Commodities are priced in dollars so a weaker dollar means they become more of a bargain for buyers who use other currencies.

WEEK'S END MIXED: Metals used in manufacturing fell. Most energy products were higher. Grains and beans prices were mixed.