Gold, silver posting price gains as greenback slumps gold silver
- Gold and silver prices are higher in early U.S. trading Friday. Both metals have posted impressive rebounds from this week’s lows and have been boosted in part by the sell off in the U.S. dollar index, which hit a four-week low overnight. August gold was last up $9.20 at $1,979.80 and July silver was up $0.308 at $24.26.
In overnight news, the Euro zone consumer price index in May rose 6.1%, year-on-year, which was right in line with market expectations. The key outside markets today see the U.S. dollar index slightly lower. Nymex crude oil prices are slightly up and trading around $70.75 a barrel. Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching around 3.7%.
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