Gold prices slide as technical selling and Fed uncertainty weigh
TL;DR Summary
Gold prices are lower due to technical selling and a drop in crude oil prices, while silver prices are higher on bargain hunting. U.S. stock indexes are weaker as risk appetite returns to the market. The U.S. dollar index is steady, crude oil prices are lower, and the yield on the U.S. Treasury 10-year note is around 4.5%. Technically, gold and silver futures prices hit three-week lows, with bears having the overall near-term technical advantage. Copper prices also closed lower, with bears having the overall near-term technical advantage.
- Gold pressured on technical selling, drop in crude oil Kitco NEWS
- Gold Futures: Further decline looks not favoured FXStreet
- Gold prices hit three-week low as Fed uncertainty persists By Investing.com Investing.com
- Gold price weaker just ahead of Powell remarks Kitco NEWS
- Gold Price Forecast: $1950 Key Support Approaches as Bears Eye Further Downside DailyFX
Reading Insights
Total Reads
0
Unique Readers
10
Time Saved
3 min
vs 4 min read
Condensed
86%
611 → 88 words
Want the full story? Read the original article
Read on Kitco NEWS