Gold Rises to Five-Week High With Silver as Retail Sales Sputter
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Gold and silver futures jumped to five-week highs as stalling U.S. retail sales revived speculation that a sputtering economy will spur the Federal Reserve to delay raising interest rates.
Consumer purchases were little changed in April as Americans remained reluctant to splurge, Commerce Department figures showed Wednesday. The cloudy economic outlook increases the chances that the Fed will wait longer before boosting rates for the first time in almost a decade.