Mild price pressure on gold, silver as risk aversion recedes gold silver
- Gold and silver prices are modestly down in early U.S. trading Wednesday, as risk appetite has is slowly creeping back into the marketplace this week. That's bearish for the safe-haven metals. April gold was last down $4.80 at $1,968.60 and May silver was down $0.08 at $23.335.
The U.S. data point of the week is Friday's personal consumption and expenditures data that will provide fresh clues on inflation and whether the U.S. economy is headed toward recession. It's been said the PCE data is a favorite gauge of inflation for the Federal Reserve. U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, pending homes sales and the weekly DOE liquid energy stocks report.
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