- Gold prices are slightly lower and silver near steady in early U.S. trading Monday, in quieter summertime trading. However, it’s an active week for U.S. economic reports, including key U.S. inflation data. August gold was last down $1.60 at $1,930.90 and September silver was up $0.006 at $23.295.
In overnight news, China’s consumer price index for June came in at 0.0%, year-on-year, which was below market expectations for a 0.2% rise. Meantime, China’s producer price index in June fell a lower-than-expected 5.4% year-on-year, compared to a 4.6% drop in May. The key outside markets today see the U.S. dollar index firmer. Nymex crude oil prices are weaker and trading around $73.50 a barrel. The benchmark 10-year U.S. Treasury note yield last week moved above 4.0%, which is the highest since March. The 10-year yield is presently fetching 4.070%.