(Kitco News) – Gold and silver prices are firmer in early U.S. trading Monday, on some more mild safe-haven buying amid weaker world stock markets to start the trading week. April gold futures were last up $5.20 an ounce at $1,317.60. May Comex silver was last up $0.123 at $15.53 an ounce.
In overnight news, the closely watched German Ifo business sentiment index improved in March, with a reading of 99.6 versus 98.7 in February. However, the manufacturing component of the report was weaker in March than in February.
The marketplace is not paying much attention to the weekend news that U.S. special prosecutor Robert Mueller’s investigation of President Trump apparently did not turn up anything criminal.
The key outside markets today see the U.S. dollar index weaker on a corrective pullback from solid gains late last week. Meantime, Nymex crude oil prices are near steady and trading around $59.00 a barrel.
U.S. economic reports due for release Monday includes the Chicago Fed national activity index and the Texas manufacturing outlook survey.
The key outside markets today see the U.S. dollar index weaker on a corrective pullback from solid gains late last week. Meantime, Nymex crude oil prices are near steady and trading around $59.00 a barrel.
U.S. economic reports due for release Monday includes the Chicago Fed national activity index and the Texas manufacturing outlook survey.
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com