gold silver Safehaven Slight price gains in gold, silver on mild safe-haven bids
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In overnight news, consumer price inflation in the Euro zone rose to a higher-than-expected 10% in September, year-on-year, from 9.1% in August. European markets are pricing in a more than 70% chance of a 75-basis-point rate hike from the European Central Bank in October.China's purchasing managers indexes for September came in weaker than expected, further suggesting the world's second-largest economy is in trouble.
The key outside markets today see the U.S. dollar index higher. Nymex crude oil prices slightly lower and trading around $81.00 a barrel. Meantime, the yield on the 10-year U.S. Treasury note is rising and presently fetching 3.688%.
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