- Comex gold futures prices are solidly up and overnight hit a new record high of $2,085.40 an ounce, on safe-haven demand amid a jittery U.S. banking system and worries about a U.S. and/or global economic recession. Silver prices are sharply up and near the highs for the year. Gold and silver bulls have the strong technical advantage to suggest still more price gains in the near term. June gold was last up $23.30 at $2,060.20 and July silver was up $0.564 at $26.25.
The key outside markets today see the U.S. dollar index near steady. Nymex crude oil prices hit a 1.5-year low of $63.64 overnight but rebounded and are now trading around $68.50 a barrel. Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching 3.313%. Treasury yields have dipped this week on flight-to-quality buying amid the wobbly U.S. banking stocks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold SWOT: Gold prices in India have soared to their highest everCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Gold surges as concerns of banking crisis and the debt-ceiling crisis re-emergeExclusive 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.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Gold gains traction as Fed hints at a pause after raising rates ¼%Exclusive 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.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »