Live Spot Gold
Bid/Ask
3,328.543,330.54
Low/High
3,292.293,332.89
Change
+19.85+0.60%
30daychg
+5.24+0.16%
1yearchg
+1,035.94+45.19%
Silver Price & PGMs
(Kitco News, Monday. June 9th, 2025) – Gold prices are modestly lower in early U.S. trading Monday, amid a lack of major, new fundamental developments to drive daily price action. Silver prices are higher and hit another 13-year high overnight. August gold was last down $8.00 at $3,338.60. July silver prices were last up $0.401 at $36.54.
Asian and European stocks were mixed overnight. U.S. stock indexes are pointed to mixed openings today in New York.
U.S. and China trade officials are scheduled to meet in London today. President Trump said the talks “should go very well.” In overnight news, China reported its exports to the U.S. fell 35% in May, year-on-year. That was the biggest drop since the pandemic in 2020.
The key outside markets today see the U.S. dollar index weaker. Nymex crude oil futures prices are near steady and trading around $64.75 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently at 4.496%.
U.S. economic data due for release Monday includes the employment trends index and monthly wholesale trade.
Technically, August gold futures bulls have the firm overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at last week’s high of $3,427.70. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $3,250.00. First resistance is seen at $3,350.00 and then at $3,375.00. First support is seen at the overnight low of $3,313.10 and then at $3,300.00.
July silver futures bulls have the strong overall near-term technical advantage. Prices are trending higher on the daily bar chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at $40.00. The next downside price objective for the bears is closing prices below solid support at $34.00. First resistance is seen at $36.75 and then at $37.00. Next support is seen at $36.00 and then at $35.80.
Posted by:
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com