Gold price firmer as FOMC minutes on deck gold silver FOMC
- Gold prices are moderately up and silver slightly higher in early U.S. trading Wednesday. Some mild short covering from the shorter-term futures traders is featured in both metals at mid-week, just ahead of important data due out from the U.S. Federal Reserve. April gold was last up $6.80 at $1,849.20 and March silver was up $0.045 at $21.94.
Global stock markets were mixed but mostly lower overnight. U.S. stock indexes are pointed toward slightly higher openings and at three-week lows when the New York day session begins. The stock index bulls have faded recently, including near-term price uptrends on the daily bar chart being negated to suggest near-term market tops are in place.
U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, the FOMC minutes and the weekly Johnson Redbook and chain store retail sales indexes.
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