- Gold prices are higher but down from the daily high in early U.S. trading Tuesday, following a key U.S. inflation report that came in close to market expectations. The gold market scored a five-week low and silver a 2.5-month low before the U.S. consumer price index report was released. April gold was last up $7.70 at $1,870.70 and March silver was down $0.062 at $21.80.
Global stock markets were mixed but mostly higher overnight. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. The Biden administration is set to name Federal Reserve Vice Chair Lael Brainard as the top White House economic advisor. Brainard is viewed as a monetary policy dove.
The key outside markets see the U.S. dollar index lower. Nymex crude oil futures prices are lower and trading around $78.75 a barrel. The yield on the benchmark U.S. 10-year Treasury note is presently fetching 3.686%.
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