gold silver Cryptocurrencies Gold price soars on short covering, bargain hunting, crypto rumors
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Rumors are swirling in the crypto markets regarding one exchange halting withdrawals, and that has apparently spooked all the crypto markets and has helped to boost safe-haven gold and silver. Global stock markets were mostly higher overnight. U.S. stock indexes are higher as midday approaches. The U.S. mid-term elections on Tuesday are a focus for the marketplace this week. Pollsters are predicting the Democrats will lose the House and may lose the Senate.
The key outside markets today see the U.S. dollar index lower after losing overnight gains. Nymex crude oil prices are weaker and trading around $91.25 a barrel. The 10-year U.S. Treasury note is yielding around 4.0%.
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