Precious Metals Shine as Fed Signals Rate Cuts

Gold and silver prices are higher as the market reacts positively to the Federal Reserve's dovish monetary policy stance. The technical outlook for both metals has also turned bullish, attracting chart-based speculators. Asian and European stock markets are mostly higher, while U.S. stock index futures are set to open modestly higher. China's economic data was disappointing, prompting the central bank to inject a record amount of liquidity into the banking system. The U.S. dollar index is slightly up, crude oil prices are slightly up, and the yield on the 10-year Treasury note is at 3.92%.