Modest price pressure on gold, silver, amid bearish outside mkts

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Modest price pressure on gold, silver, amid bearish outside mkts
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The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.prices are weaker again in early U.S.

The U.S. data point of the day Wednesday, if not the week, is the afternoon release of the minutes from the last FOMC meeting of the Federal Reserve. Other U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, existing home sales, and the weekly DOE liquid energy stocks report.

has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another.

-The gold market continues to see solid technical selling pressure with prices struggling to hold support at $2,400 an ounce. The market has been unable to attract any new buying momentum even as U.S. consumers largely stay away from the housing market. - Gold and silver prices are weaker again in early U.S. trading Wednesday, on routine corrective pullbacks and some profit taking following recent solid gains that saw gold hit a record high of $2,454.

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