Price pressure on gold, silver on worries Fed hawkish for longer gold silver Fedhawkish
- Gold and silver prices are solidly lower in early U.S. trading Thursday, with gold hitting a six-week low and silver a 10-week bottom. Recent U.S. economic data, including a hot producer price index report Thursday, have the general marketplace is a keen risk averse mentality late this week. The marketplace is now worried about the Federal Reserve being aggressively hawkish for a longer period of time.
The key outside markets see the U.S. dollar index solidly higher and hitting a five-week high overnight. Nymex crude oil futures prices are solidly lower and trading around $76.00 a barrel. The yield on the benchmark U.S. 10-year Treasury note is presently fetching 3.908% and is on the rise late this week.
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.
What's happening with gold price after hawkish Fed speakers, strong data
Read more »
BLS releases first Producer Price Index for 2023 diminishing hopes of a Fed pivotExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Read more »
Senior copper miner First Quantum reports net income of $1 billion in 'challenging' 2022A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Bullish on Teekay Tankers Ltd.A technical look at the stock
Read more »
Toronto senior heartbroken after sentimental $4,000 gold chain stolen in distraction theftToronto police are warning people to be on the lookout for distraction-style thefts as thieves try to steal jewelry, purses and wallets.
Read more »
MANDEL: Senior's vicious killer sentenced to life with no parole for 17 yearsDamien Allred was sentenced to life in prison with no parole eligibility for 17 years for killing his elderly neighbour.
Read more »