Gold price up on safe-haven demand; U.S. credit rating downgraded gold silver creditrating
- Gold and silver prices are higher in early U.S. trading Wednesday. The safe-haven metals are getting a lift following a surprise downgrade of U.S. government debt from a major credit rating agency, which has cast a bit of a pall over the marketplace at mid-week. December gold was last up $11.10 at $1,989.90 and September silver was up $0.204 at $24.53.
Asian and European stock markets were mostly lower in overnight trading. U.S. stock indexes are pointed to lower openings when the New York day session begins. The key outside markets today see the U.S. dollar index near steady. Nymex crude oil prices are firmer and trading around $82.00 a barrel. A Wall Street Journal story today has the headline: Oil prices perk up as recession worries ebb and supply tightens." Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching 4.025%.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Victoria Gold announces partial evacuation at its Yukon gold mine due to wildfiresA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Gold sees record average prices in Q2, supported by physical bullion demand - World Gold Council(Kitco News) - Persistent economic uncertainty created robust physical demand for gold supporting prices at record levels during the second quarter, according to the latest research from the World Gold Council.
Read more »
Wells Fargo analyst predicts XRP price will hit $100-$500An analyst from Wells Fargo said that if XRP can capture 10% of the SWIFT market, the XRP token could surge to a price of $100-$500 in the next four to seven months.
Read more »
Gold declines by over $27 as hope diminishes of a rate cut this yearExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Read more »
TSX poised for a bullish Q3, analyst suggests - BNN BloombergTSX poised for a bullish Q3, analyst suggests
Read more »