Price pressure on gold, silver amid higher USDX, rising bond yields gold silver USDX
- Gold and silver prices are weaker in early U.S. trading Monday. The precious metals are seeing selling interest as the U.S. dollar index is higher and U.S. Treasury yields are rising to start the trading week. December gold was last down $5.60 at $1,970.50 and September silver was down $0.206 at $23.51.
Key U.S. and China inflation reports this week will be the major data points for the marketplace. Traders will also be closely watching the U.S. Treasury market this week, as prices have been dropping .
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