Gold, silver down as risk appetite slightly up gold silver dollar
- Gold prices are solidly lower and silver modestly down in midday U.S. trading Monday. Both metals’ prices are up from their daily lows, however. Less risk aversion in the marketplace early this week is prompting profit taking and weak long liquidation from the futures traders. April gold was last down $24.80 at $1,959.00 and May silver was down $0.189 at $23.15.
Geopolitics is moving closer to the front burner of the marketplace as Russia over the weekend threatened to station tactical nuclear weapons in Belarus. North Korea has test-fired more ballistic missiles and the U.S. has retaliated with air strikes in Syria after an Iranian-backed drone attack killed a U.S. citizen and injured U.S. military personnel.
The key outside markets today see the U.S. dollar index weaker. Nymex crude oil futures prices are up and trading around $71.25 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching around 3.5%.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold price sharply down on heavy profit takingSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Read more »
Gold nanoparticles used to test the quality of maple syrupA total of 250 kits have been distributed to maple syrup producers this year as a pilot project.
Read more »