- RGold Higher on Weaker Dollar Index
(Kitco News) – Gold prices are moderately higher in early U.S. trading Tuesday, supported in part by the U.S. dollar index backing down from the 16-month high scored last week. Look for a quieter trading session in the metals and in many other markets, as traders and investors await the outcome of the U.S. mid-term elections. December gold futures were last up $3.70 an ounce at $1,236.00. December Comex silver was last up $0.013 at $14.655 an ounce.
Global stock markets were mixed to weaker overnight. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.
Focus of the world marketplace is on today’s U.S. mid-term elections, which many believe are a referendum on the performance of President Trump. Big gains by the Democrats would likely be bearish for the U.S. stock market and would signal gridlock in Congress the next two years.
In overnight news, the European Union reported a hotter reading on its inflation today. The Euro zone September producer price index came in at up 0.5% from August and up 4.5%, year-on-year.
Global stock markets were mixed to weaker overnight. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.
Focus of the world marketplace is on today’s U.S. mid-term elections, which many believe are a referendum on the performance of President Trump. Big gains by the Democrats would likely be bearish for the U.S. stock market and would signal gridlock in Congress the next two years.
In overnight news, the European Union reported a hotter reading on its inflation today. The Euro zone September producer price index came in at up 0.5% from August and up 4.5%, year-on-year.