Live Spot Gold
Bid/Ask
3,319.763,321.76
Low/High
3,295.093,344.11
Change
-14.24-0.43%
30daychg
+12.15+0.37%
1yearchg
+931.22+38.99%
Silver Price & PGMs
(Kitco News, Monday. July 7th, 2025) – Gold and silver prices are lower in early U.S. trading Monday. The safe-haven metals are seeing selling pressure to start the week due to improved trader/investor risk appetite in the general marketplace that pushed the major U.S. stock indexes to record highs last week. August gold was last down $32.80 at $3,310.10. September silver prices were last down $0.629 at $36.455.
Asian and European stocks were mixed overnight. U.S. stock indexes are pointed to weaker openings today in New York. U.S. Treasury Secretary Bessent suggested on Sunday that the real U.S. trade deal deadline for U.S. counterparts might be changed to Aug. 1 from July 9. White House officials said some trade deals could be reached this week.
The BRICS (Brazil, Russia, India, China and South Africa) summit starts this week, with Brazil set to host in Rio. President Trump has warned that countries aligning themselves with the BRICS group and their ‘Anti-American’ policies may be vulnerable to further tariffs.
The key outside markets today see the U.S. dollar index firmer. Nymex crude oil futures prices are near steady and trading around $67.00 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently at 4.356%.
U.S. economic data due for release Monday includes the employment trends index.
Technically, August gold futures bulls have the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at $3,400.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $3,200.00. First resistance is seen at the overnight high of $3,355.00 and then at last week’s high of $3,376.90. First support is seen at the overnight low of $3,304.40 and then at $3,300.00.
September silver futures bulls have the overall near-term technical advantage but trading has turned choppy and sideways at higher levels recently. Silver bulls’ next upside price objective is closing prices above solid technical resistance at the June high of $37.73. The next downside price objective for the bears is closing prices below solid support at $35.00. First resistance is seen at $37.00 and then at today’s high of $37.435. Next support is seen at $36.00 and then at $35.535.
Posted by:
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com