Gold price near steady as market pauses, awaiting fresh data
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Gold prices are trading near steady and silver prices are weaker in early U.S. trading Monday; August gold was last up $1.00 at $2,400.10, September silver was down $0.309 at $28.99; U.S. President Joe Biden is dropping out of the presidential election race, endorsing Vice-President Kamala Harris; China’s central bank unexpectedly cut its interest rates amid disappointment from a lack of short-term stimulus from the Third Plenum meeting; Asian and European stock indexes were mostly lower overnight, U.S. stock indexes are pointed toward higher openings; U.S. economic reports out Monday include the Chicago Fed national activity index; Technically, August gold bulls still have the solid overall near-term technical advantage; September silver futures bulls have the slight overall near-term technical advantage but have faded badly recently.

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https://www.kitco.com/news/article/2024-07-22/gold-price-near-steady-market-pauses-awaiting-fresh-data