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.