Mild price pressure on gold, silver after downbeat China data

- Gold and silver prices are modestly down in early U.S. trading Monday. There are some renewed concerns about demand for metals after China released some more uninspiring economic data. August gold was last down $3.20 at $1,961.20 and September silver was down $0.134 at $25.06.

Asian and European stock markets were mixed to weaker in overnight trading. U.S. stock indexes are pointed toward mixed openings when the New York day session begins. The key outside markets today see the U.S. dollar index slightly lower. Meantime, Nymex crude oil prices are lower trading around $74.50 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.779%.

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