Price pressure on gold silver as U.S. bond yields march higher
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
Traders are awaiting key U.S. inflation reports on Wednesday and Thursday mornings. The producer price index report for September is out Wednesday and the consumer price index report for September is out Thursday. The consumer price index is expected to come in at up 8.1%, year-on-year, following a rise of 8.3% in August.
The U.K. government bond market is still in turmoil, as the Bank of England this week was forced to buy inflation-linked bonds as part of its bond-buying program. The BOE today reiterated it will shut down its bond-buying program on Friday. There are worries U.K. pension funds could be lost if the U.K. bond market rout continues.
Other U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey.
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.
Bitcoin Oct. 11 chart alert - Bulls, bears fighting to a stalemate(Kitco News) - Bitcoin-U.S. dollar prices are near steady in early U.S. trading Tuesday.
Read more »
Crypto SWOT: A crackdown by the Taliban has led to a collapse in cryptocurrency use in AfghanistanCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »
Gold SWOT: Gold mining stocks appear to be teeing up for further growthCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »
Gold prices remain under pressure as U.S. PPI rises 0.4% in August(Kitco News) - The gold market remains under pressure but is largely ignoring the ongoing inflation threat as producer prices rise more than expected in September.
Read more »
Gold gains on short covering, bargain buying, pullback in USDX(Kitco News) - Gold prices are higher in midday U.S. trading Tuesday, on short covering in the futures market and some bargain hunting and/or safe-haven demand in the cash market.
Read more »