Live Spot Gold
Bid/Ask
3,329.993,331.99
Low/High
3,300.893,349.89
Change
+6.65+0.20%
30daychg
+6.69+0.20%
1yearchg
+1,026.39+44.56%
Silver Price & PGMs
(Kitco News, Tuesday. June 9th, 2025) – Gold and silver prices are near steady in early U.S. trading Tuesday, as the general marketplace appears to be pausing amid a lack of major fundamental news developments early this week. August gold was last down $0.40 at $3,354.40. July silver prices were last up $0.034 at $36.835.
Asian and European stocks were mixed overnight. U.S. stock indexes are pointed to mixed openings today in New York. Much of the marketplace is pausing amid the closely watched U.S.-China trade talks in London that have entered a second day but with no official announcements on any progress. There are rumors of some progress in the talks, with some news outlets reporting both sides are willing to make some concessions.
The key outside markets today see the U.S. dollar index slightly up. Nymex crude oil futures prices are slightly up and trading around $65.75 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently at 4.45%.
U.S. economic data due for release Tuesday is light and includes the weekly Johnson Redbook retail sales report, the NFIB small business index.
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 $3,375.00 and then at $3,400.00. First support is seen at the overnight low of $3,321.30 and then at this week’s low of $3,313.10.
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 this week’s high of $37.03 and then at $37.50. Next support is seen at the overnight low of $36.425 and then at $36.00.
Posted by:
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com