Live Spot Gold
SPOT MARKET IS OPEN
closes in 5 hrs. 10 mins.Feb 10, 2020 11:50 NY Time
| Bid/Ask | 1574.20 / 1575.20 | |
| Low/High | 1569.10 / 1576.70 | |
| Change | +4.20 | +0.27% |
| 30daychg | +12.10 | +0.77% |
| 1yearchg | +260.20 | +19.80% |
| Alerts Charts |
Silver Price & PGMs
Feb 10, 2020 11:50 NY TimeKitco 10AM Silver Fix
| Silver | 17.79 | +0.12 |
| Platinum | 961.00 | -5.00 |
| Palladium | 2260.00 | +47.00 |
| Rhodium | 9600.00 | +100.00 |
Click on the metal names to
see the associated charts
( Kitco, Mon. Feb. 10th, 2020) – Gold and silver prices are modestly up in early U.S. futures trading Monday. The gold bulls had a good week last week, as they stabilized the market and are now working on keeping alive a price uptrend on the daily bar chart. The safe-haven metals bulls have proven resilient recently, in the face of rallies in global stock markets. February gold futures were last up $2.60 an ounce at 1,576.00. March Comex silver prices were last up $0.073 at $17.765 an ounce.
Asian and European shares were mostly weaker overnight as traders and investors have put the coronavirus outbreak back to the front burner of the marketplace. There is not a consensus on the ultimate impact of the virus on the global economy, but worries are not receding. U.S. stock indexes are pointed toward steady to weaker openings when the New York day session begins. Trader and investors attitudes are not panicky and wanting to sell their risk assets, but more a case of not wanting to step in to buy them.
The coronavirus outbreak continues to spread, with over 900 reported dead in China, which surpasses the SARS outbreak that occurred over 15 years ago. The World Health Organization said the coronavirus rate of spread could accelerate. Reports also said some manufacturers in China, especially auto makers, have had to stop their assembly lines due to lack of materials for production. Some analysts are saying the coronavirus outbreak in China will have a more negative impact on the domestic economy than the trade war with the U.S.
In other overnight news, China’s consumer price index was reported for January at up 5.4% year-on-year, which was higher than expected and hit an eight-year high. Food price inflation was reported up 20.6%, year-on-year.
The key outside markets today see crude oil prices weaker and trading around $50.00 a barrel. Meantime, the U.S. dollar index is slightly weaker overnight after hitting a four-month high earlier.
U.S. economic data due for release Monday includes the employment trends index. President Trump’s fiscal 2021 budget is also released today.
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com