(Kitco, Fri. Sep. 20th, 2019) – Gold and silver prices are slightly up in early U.S. trading Friday. Risk aversion in the world marketplace has subsided late this week, which is bearish for the safe-haven metals. However, there is still enough uncertainty on the geopolitical front to keep the sellers of the metals very tentative—especially heading into the weekend. December gold futures were last up $1.70 an ounce at 1,507.80. December Comex silver prices were last up $0.011 at $17.895 an ounce.
Asian and European stock markets were mostly up in trading overnight. U.S. stock indexes are pointed toward firmer openings when the New York day session begins. It looks to be a quieter end to the trading week as the world marketplace has calmed down significantly after traders came to work Monday dealing with a major geopolitical shock after last weekend’s attack on Saudi Arabian oil installations.
However, many futures traders in many markets will not want to go home for the weekend with big positions, as it still appears the U.S. and Iran are on a collision course at some point down the road.
Nymex crude oil prices are higher and trading around $58.75 a barrel. The other key outside market today sees the U.S. dollar index trading slightly up.
There is no major U.S. economic data due for release Friday.
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