View full page at cryptocraft.com

 

Gold, silver bulls work to stabilize their markets

From kitco.com

Gold prices are modestly up and silver prices a bit weaker in midday U.S. trading Monday. Gold hit a four-week low overnight and silver a two-month low. Bulls are now working to stop the bleeding following a surprisingly strong U.S. jobs report Friday that tanked the precious metals markets. April gold was last up $3.00 at $1,879.40 and March silver was down $0.135 at $22.265. A feature in the marketplace early this week is a strengthening U.S. dollar index and rising U.S. Treasury yields—both bearish elements for the precious metals markets. This follows last Friday's January U.S. employment situation report from ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis