Price pressure on gold, silver amid bearish charts gold silver inflation
- Gold and silver prices are down, with gold notching a 3.5-month low, in early U.S. trading Wednesday. With a lack of markets-moving fundamental news at mid-week, traders are focused more on the charts for the precious metals, which are leaning bearish. August gold was last down $8.30 at $1,915.50 and July silver was down $0.285 at $22.675.
Federal Reserve Chairman Jerome Powell, European Central Bank President Christine Lagarde, Bank of England Governor Andrew Bailey and Bank of Japan Governor Kazuo Ueda are scheduled to take part in a panel discussion at an ECB forum on central banking today. The session begins in the morning, U.S. time. Traders and investors will monitor the central bankers’ comments.
The key outside markets today see the U.S. dollar index a bit firmer. Nymex crude oil prices are firmer and trading around $68.25 a barrel. Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching 3.747%.
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