Gold price firmer on short covering ahead of FOMC mintues gold silver FOMC
- Gold prices are modestly up and silver slightly down in early U.S. trading Wednesday. Short covering from the futures traders is featured in gold, ahead of this afternoon’s FOMC minutes from the Federal Reserve. August gold was last up $5.40 at $1,934.90 and September silver was down $0.067 at $23.045.
In overnight news, the Euro zone producer price index for May came in down 1.5%, year-on-year compared to expectations for a decline of 1.3%. The key outside markets today see the U.S. dollar index firmer. Nymex crude oil prices are higher and trading around $71.25 a barrel. Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching around 3.85%.
France Dernières Nouvelles, France Actualités
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