SPOT MARKET IS OPEN
closes in 5 hrs. 37 mins.Oct 25, 2019 11:23 NY Time

Bid/Ask	1506.70 / 1507.70
Low/High	1501.90 / 1518.70
Change	+3.10	+0.21%
30daychg	+3.10	+0.21%
1yearchg	+275.10	+22.34%
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Silver Price & PGMs

Oct 25, 2019 11:23 NY TimeKitco 10AM Silver Fix

Silver	18.10	+0.32
Platinum	931.00	+10.00
Palladium	1758.00	-1.00
Rhodium	4960.00	+20.00

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see the associated charts

( Kitco, Fri., Oct. 25th, 2019) – Gold and silver prices are posting good gains in early U.S. trading Friday. Gold notched a two-week high, while silver hit a four-week peak. Both metals have seen their near-term technical postures improved markedly this week, which is inviting chart-based buyers into the markets. December gold futures were last up $7.60 an ounce at 1,512.40.  December Comex silverprices were last up $0.421 at $18.22 an ounce. 

Asian and European stock indexes were mixed overnight. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. Trader and investor risk appetite remains mostly upbeat as U.S. stock indexes are hovering not far below their all-time highs scored earlier this year.

The Russian central bank on Friday cut its main interest rate by 0.5%, to 6.5%. The move pressured the Russian currency, the ruble.

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In other overnight news, the European Central Bank lower its expectations for Euro zone economic growth in the coming years, at 1.1% in 2019, at 1.0% in 2020, and at 1.3% in 2021. The ECB forecast inflation for the same three years at 1.2%,1.2% and 1.4%, respectively. 

Reports say the U.S. and China continue to hash out “Phase 1” of their trade agreement reached a couple weeks ago. The U.S. is pushing China to purchase more U.S. ag products in exchange for the U.S. eliminating some of its tariffs on Chinese imports. While it appears the trade talks have made progress, veteran market watchers know “the devil is in the details.”

The key “outside markets” today find Nymex crude oil prices slightly weaker in early U.S. trading today and trading around $56.00 a barrel. Meantime, the U.S. dollar index is near steady.  

U.S. economic data due for release Friday includes the University of Michigan consumer sentiment survey.

Posted by :

Jack Dempsey , President

401 Gold Consultants LLC

jdemp2003@gmail.com