Gold, silver pressured amid big drop in crude oil prices
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
Global stock markets were mostly higher overnight. U.S. stock indexes are lower at midday. Traders and investors are still concerned about Covid lockdowns in China that are crimping the world’s second-largest economy. Last week’s hawkish speech on U.S. monetary policy by Fed Chairman Powell is also hanging over and depressing the marketplace.
The key outside markets today see Nymex crude oil prices sharply lower and trading around $91.70 a barrel. The U.S. dollar index is a bit lower in midday U.S. trading, on a corrective pullback after hitting a 20-year high on Monday. Meantime, the yield on the 10-year U.S. Treasury note is fetching 3.08%.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CPM Trade Signal - August 29, 2022(Kitco commentary) - Gold prices broke below CPM Group’s previous sell recommendation of $1,740 earlier today.
Read more »
Price pressure on gold, silver amid hawkish Fed, bearish charts(Kitco News) - Gold and silver prices are down and hit four-week lows in early U.S. trading Monday.
Read more »
Gold prices down, but largely ignore solid rise in U.S. consumer confidence(Kitco News) - The gold market remains under pressure but is seeing little reaction to stronger-than-expected consumer confidence as falling energy prices has eased inflation concerns, according to some economists.
Read more »
Bitcoin Aug. 30 chart alert—Bulls working to stabilize price(Kitco News) - Bitcoin-U.S. dollar prices are again a bit firmer in early U.S. trading Tuesday.
Read more »
Toronto - CBC NewsToronto police have laid charges against a man and woman after an argument at a Blue Jays Game Friday night turned physical.
Read more »