Gold price a bit weaker as new inputs awaited gold silver
- Gold prices are slightly down and silver prices near steady in quieter summertime trading early Monday. Traders are looking for some fresh fundamental news to drive market prices. December gold was last down $2.80 at $1,997.10 and September silver was steady at $24.495.
In overnight news, Eurozone inflation eased in July, at up 5.3%, year-on-year, compared to a rise of 5.5% in June. The July reading was in line with market expectations. The key outside markets today see the U.S. dollar index slightly up. Meantime, Nymex crude oil prices are up and trading around $81.25 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.981%.
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