Gold, silver down on position evening ahead of U.S. CPI

- Gold and silver prices are lower in midday U.S. trading Monday, with silver hitting a 2.5-month low and gold a five-week bottom. The near-term chart postures for both metals have deteriorated recently, which are prompting some technical selling pressure. Also, weak long liquidation in the gold and silver futures markets is likely featured today, ahead of a key U.S. inflation report Tuesday. April gold was last down $10.40 at $1,864.00 and March silver was down $0.175 at $21.90.

Global stock markets were mixed overnight, with European shares mostly higher and Asian shares mostly lower. U.S. stock indexes are higher at midday.

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