(Kitco, Mon. Sep.30th, 2019) – Gold and silver prices are solidly lower and hit a seven-week low in early U.S. trading Monday. Silver prices hit a five-week low today. More risk appetite in the market place early this week is bearish for the safe-haven metals. A strong U.S. dollar index, which hit a new high for the year on Friday, is also helping to pressure the precious metals markets. December gold futures were last down $14.70 an ounce at 1,491.80. December Comex silver prices were last down $0.382 at $17.27 an ounce.
There is a bit less risk aversion in the marketplace Monday, following markets being roiled last Friday by reports the U.S. was considering limiting U.S. investors’ investment in China, including the U.S. stock exchanges de-listing Chinese companies. Weekend reports then said the Trump administration is not considering such moves.
Asian stocks were mixed to mostly weaker, while European stock markets were mixed in overnight trading. U.S. stock indexes are pointed toward modestly higher openings when the New York day session begins.
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com.