After rough start, gold, silver cool off

Precious metals price behaviour turned volatile last month.

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After initial weakness, precious metals managed to claw their way back during the middle of the month. Comex gold edged past the psychological $3,500 mark to scale a fresh all-time high of $3,509 on April 22. The prices have since cooled in the past few days.Hope of a possible de-escalation in the U.S.-China tariff war played a key role in pulling the precious metals to lower levels in the past few days. Comex gold posted a 4.5% gain in April to end the month at $3,299.2. Comex silver remains a relative under-performer in comparison with gold and lost 5.6% in April to settle at $32.82.