Live Spot Gold
SPOT MARKET IS OPEN
closes in 4 hrs. 26 mins.Feb 11, 2021 12:34 NY Time
| Bid/Ask | 1823.60 / 1824.60 | |
| Low/High | 1823.30 / 1848.40 | |
| Change | -20.10 | -1.09% |
| 30daychg | -31.40 | -1.69% |
| 1yearchg | +256.10 | +16.34% |
| Alerts Charts |
Silver Price & PGMs
Feb 11, 2021 12:34 NY TimeKitco 10AM Silver Fix
| Silver | 26.87 | -0.13 |
| Platinum | 1234.00 | -1.00 |
| Palladium | 2289.00 | -5.00 |
| Rhodium | 19300.00 | +300.00 |
(Kitco News), Thurs. Feb. 11th, 2021) – Gold futures prices are trading solidly lower and near daily lows in midday U.S. action Thursday. Silver prices are slightly lower. The shorter-term futures traders jumped on the sell side in gold today amid a lack of fresh, bullish fundamental news. April gold futureswere last down $17.10 at $1,825.60 and March Comex silver was last down $0.123 at $26.95 an ounce.
Gold and silver traders are looking for a new fundamental spark to break prices out of their near-term trading ranges.
Global stock markets were mostly higher overnight. U.S. stock indexes are mixed at midday but near record highs scored this week. Declining Covid-19 infection rates in the U.S. amid ramped up vaccinations, as well as a new government pandemic relief package likely coming for Americans soon, have lifted trader and investor risk appetite recently, which is a negative for the safe-haven metals.
The Chinese Lunar New Year holiday began today and markets in mainland China will be closed the next several days.
The key “outside markets” today see the U.S. dollar index trading slightly higher. Meantime, Nymex crude oil futures prices are weaker and trading around $58.30 a barrel. The benchmark 10-year U.S. Treasury note yield is currently fetching 1.135%.
![Live 24 hours gold chart [Kitco Inc.]](https://www.kitco.com/images/live/gold.gif?0.2924175530478188)
Technically, April gold futures bears have the overall near-term technical advantage. Prices are in a five-week-old downtrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,878.90. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at the February low of $1,784.60. First resistance is seen at today’s high of $1,848.60 and then at this week’s high of $1,856.60. First support is seen at $1,821.30 and then at this week’s low of $1,807.30.
![Live 24 hours silver chart [ Kitco Inc. ]](https://www.kitco.com/images/live/silver.gif)
March silver futures bulls still have the overall near-term technical advantage and are working to restart a price uptrend on the daily chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at the February high of $30.25 an ounce. The next downside price objective for the bears is closing prices below solid support at $25.00. First resistance is seen at today’s high of $27.35 and then at this week’s high of $27.875. Next support is seen at today’s low of $26.75 and then at $26.50. Wyckoff’s Market Rating: 6.0.
March N.Y. copper closed down 125 points at 376.15 cents today. Prices closed nearer the session low today and saw profit taking after hitting a contract and eight-year high on Wednesday. The copper bulls have the strong overall near-term technical advantage. Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at 390.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 360.00 cents. First resistance is seen at the contract high of 379.55 cents and then at 382.50 cents. First support is seen at Wednesday’s low of 371.40 cents and then at Tuesday’s low of 366.70 cents.
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com