Gold sees more short covering, perceived bargain hunting
Gold prices are higher and silver slightly up in midday U.S. trading Wednesday. Short covering from the shorter-term futures traders and perceived bargain buying by the staunch bulls are featured after gold hit a nine-week low on Tuesday and silver a nearly four-month low. Sharp losses in the U.S. dollar index at midweek are also supporting buying interest in the metals markets. April gold was last up $8.70 at $1,845.20 and May silver was up $0.029 at $21.10.
The key outside markets see the U.S. dollar index solidly lower. Nymex crude oil futures prices are lower and trading around $76.50 a barrel. The yield on the benchmark U.S. 10-year Treasury note is presently fetching 3.985%. Bond yields are on the rise, which is a bearish element for the gold and silver markets.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gold trades lower until you factor in dollar weaknessExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Lire la suite »
Gold trades higher for a second consecutive day overcoming dollar strengthExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Lire la suite »
Jon Jones Disputes Notion That Ciryl Gane is ‘Most Technical Kickboxer’ He’s FoughtWhile Ciryl Gane has been lauded for his heavyweight striking skills, Jon Jones believes he’s seen better.
Lire la suite »
Gold, silver rebound on month-end short covering(Kitco News) - Gold and silver prices are higher and near daily highs in midday U.S. trading Tuesday.
Lire la suite »
Tuesday’s analyst upgrades and downgradesInside the Market’s roundup of some of today’s key analyst actions
Lire la suite »