Senior 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
- Gold and silver prices are solidly lower in midday U.S. trading Tuesday, as a strong U.S. dollar index and rising U.S. Treasury yields have the metals market sellers in charge on this day. December gold was last down $14.00 at $1,953.10 and December silver was down $0.582 at $23.975.
Asian stock markets were mostly lower in overnight trading. U.S. stock indexes are mixed at midday. History shows the months of September and October can be rocky for the stock and financial markets. The key outside markets today see the U.S. dollar solidly up and at a six-month high. Nymex crude oil futures prices are solidly up and trading around $87.75 a barrel. Brent crude oil futures rose above $90 a barrel today. The benchmark U.S. Treasury 10-year note yield is presently fetching around 4.2%.
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