Saturday, April 30, 2011 – 10:30 a.m.

Inflation pressure continued to build on the U.S. economy this week.

Crude oil reached an intermediate term high, pressing against the $114 per barrel level.

Precious metals continued to rally, with gold closing at $1,556 an ounce on Friday.

First-time unemployment claims jumped in the previous week to over 400,000.

The initial reading on first quarter Gross Domestic Product (GDP) was a anemic 1.8%.

The kick-off of the summer driving season this Memorial Day will likely push oil and gas prices even higher.