Price gains for gold, silver as U.S. inflation data on
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Gold and silver prices are higher in early U.S. trading Monday; December gold was last up $9.00 at $2,482.40 and September silver was up $0.407 at $27.995. The U.S. data points of the week are the July producer price index on Tuesday and the consumer price index for July on Wednesday. Asian and European stock indexes were mixed but mostly firmer overnight. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. The key outside markets today see the U.S. dollar index slightly up. Nymex crude oil prices are up and are trading around $77.75 a barrel. A DowJones Newswire headline today reads: “Oil edges higher as markets brace for Iran retaliation.” Technically, December gold bulls have the firm overall near-term technical advantage. September silver futures bears have the overall near-term technical advantage.
https://www.kitco.com/news/article/2024-08-12/price-gains-gold-silver-us-inflation-data