Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
- Gold and silver prices are slightly up in quieter early U.S. trading Monday. This is the unofficial last week of summer for the U.S. Look for the marketplace to become more active next Tuesday, following the three-day U.S. Labor Day weekend holiday. This is a big week for U.S. economic reports, so traders and investors are likely to become at least a bit more tuned in as the week progresses. December gold was last down up $2.70 at $1,942.50 and December silver was up $0.037 at $24.62.
The key outside markets today see the U.S. dollar index slightly firmer. Nymex crude oil futures prices are slightly higher and trading around $80.00 a barrel. The benchmark U.S. Treasury 10-year note is presently fetching 4.235%.
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