Gold sees modest price gains to start trading week gold silver
- Gold and silver prices are a bit higher in early U.S. trading Monday. A weaker U.S. dollar index and a dip in U.S. Treasury yields are supportive for the metals market bulls today. However, the metals market bulls are pensive amid general marketplace sentiment that Federal Reserve monetary policy is likely to remain tight in the coming months, despite notions the U.S. and/or global economy could slip into recession. June gold was last up $4.20 at $1,994.90 and May silver was up $0.067 at $25.
The key outside markets today see the U.S. dollar index modestly lower. Nymex crude oil prices are lower and trading around $77.75 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.543%.
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