Gold, silver weaker as USDX continues its rebound gold silver USDX
- Gold and silver prices are moderately lower in midday U.S. trading Monday, pressured by the U.S. dollar index continuing its recovery after hitting a 15-month low last week. Focus of the marketplace is on a key central bank decision at mid-week. August gold was last down $4.50 at $1,962.00 and September silver was down $0.245 at $24.61.
A Barron's news headline today reads: “Tech earnings, Fed rate call, inflation data—expect crucial answers this week." The key outside markets today see the U.S. dollar index firmer. Meantime, Nymex crude oil prices are higher and trading around $79.00 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.837%.
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