gold silver Gold, silver see mild safe-haven demand on China worries
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Reports said new Covid cases in China are decelerating a bit and that vaccinations of the elderly are on the rise. It was also calmer in Chinese streets Tuesday evening, with no major protesting reported in the media. Reports said Chinese authorities deployed a heavy police presence in major cities to deter a repeat of the weekend demonstrations.
The key outside markets today see the U.S. dollar index a bit lower. Nymex crude oil prices are higher on a strong rebound after hitting an 11-month early Monday, and are trading around $78.25 a barrel. There are reports OPEC at its meeting next week will consider cutting the cartel’s collective crude oil production. Meantime, the yield on the benchmark U.S. 10-year Treasury note is presently around 3.7%.
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