Gold prices slide as technical selling and Fed uncertainty weigh
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.
