- Gold and silver prices are slightly lower in midday U.S. trading Monday. It’s quieter and uneventful action in the marketplace to start the trading week. That’s allowing the chart-based traders to dictate price action, and the gold and silver technicals remain overall near-term bearish. However, it’s an active week for U.S. economic reports, including key U.S. inflation data later this week. August gold was last down $3.60 at $1,928.90 and September silver was down $0.034 at $23.245.
The U.S. data point of a busy data week is the consumer price index report for June on Wednesday, which is expected to come in at up 5.0%, year-on-year, compared to a gain of 5.3% in the May report. The U.S. producer price index is out Thursday morning.
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