Gold, Platinum and Silver Rise Slightly

Precious metals on Wednesday reversed course from the prior day’s negative movement and ended with slight gains. Oil posted a minimal loss while U.S. stocks pulled off a late day rally.

In New York trading futures for bullion:

• Silver for May delivery gained 3.5 cents, or 0.3 percent, to $12.80 an ounce.

• Gold for June rose $1.50, or 0.2 percent, to $893.50 an ounce.

• July platinum climbed $6.70, or 0.5 percent, to $1,225.00 an ounce.

The Labor Department reported consumer prices fell 0.1 percent in March, which shows inflation in check. That was less than good news for the safe haven appeal of inflation-hedging gold. The yellow metal’s ability to stay afloat Tuesday despite the numbers was noted by more than one analyst.

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