gold silver Gold, silver down as USDX rallies, crude oil tanks
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The key outside markets today see the U.S. dollar index in a strong rebound, including sharply higher prices today, after the index hit a three-month low last week. Nymex crude oil prices are sharply down today and hit a 10.5-month low. News wire reports today said Saudi Arabia is considering a modest increase in its crude oil production. The yield on the benchmark U.S. 10-year Treasury note is presently 3.819%.
Wednesday will be the busiest day for U.S. economic data, including the minutes from the last FOMC monetary policy meeting, to be released in the early afternoon.
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