401 GOLD REMEMBERS SEP. 11TH , GOD BLESS AMERICA.
Gold Prices, Wed. Sep. 11th, 2019
Bid/Ask 1492.50 / 1493.50 Low/High 1486.10 / 1495.10
Change +7.20 +0.48%
30 day chg -18.00 + 1.19%
1 year chg+294.40 +24.57%
(Kitco, Wednesday, Sep. 11TH, 2019) – Gold and silver prices are trading near steady in early U.S. trading Wednesday. Traders are on hold at mid-week, awaiting central bank meetings that are just over the horizon. The gold and silver bulls have faded recently and need a shot of bullish news. December gold futures were last up $0.60 an ounce at 1,499.80. December Comex silver prices were last up $0.024 at $18.21 an ounce.
Asian and European stock markets were mostly up overnight. U.S. stock indexes are also pointed toward mixed openings when the New York day session begins. Generally, there remains low risk aversion in the world marketplace at mid-week. China has made a positive overture to the U.S. regarding trade when it said it will exempt certain U.S. products from tariffs for one year. This week the U.S.-China trade tensions have appeared to ratchet down a notch.
Focus is turning to the monetary policy meeting of the European Central Bank on Thursday, at which time the ECB is expected to only very slightly cut interest rates, pushing them further into negative territory. The Federal Reserve meets next week and is expected to cut U.S. interest rates by 0.25%.