Gold, silver bulls hamstrung by strong U.S. dollar, weaker crude oil kitconews gold silver economics investing mining metals finance
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Global stock markets were mostly weaker overnight. U.S. stock indexes are slightly up at midday. Trader and investor risk appetite remains dented amid recession and inflation fears. Asian countries are also dealing with the worrisome spread of Covid. However, these marketplace worries are not helping out the safe-haven metals markets at present.
The key outside markets today see Nymex crude oil prices sharply down and trading around $96.50 a barrel. The U.S. dollar index is up and hit another 20-year high today. The yield on the 10-year U.S. Treasury note is fetching around 2.9%.
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