Gold price up slightly as major U.S. data looms gold silver
- Gold prices are slightly higher and silver slightly lower in early U.S. trading Monday. The marketplace is quieter just ahead of the U.S. central bank monetary policy meeting and key U.S. inflation reports. August gold was last up $1.90 at $1,979.10 and July silver was down $0.065 at $24.345.
Other important U.S. economic reports out this week include the consumer and producer price index reports for May on Tuesday and Wednesday, respectively. The CPI is forecast up 4.0%, year-on-year, while the PPI is seen down 0.1%, month-on-month. The key outside markets today see the U.S. dollar index lower. Nymex crude oil prices are solidly lower and trading around $68.25 a barrel. Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching 3.743%.
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