- Gold prices are up and hit a four-week high in early U.S. trading Tuesday. Silver prices are slightly up. Several mildly bullish elements are working in favor of the precious metals market bulls today, including a weaker U.S. dollar index, firmer crude oil prices and a dip in U.S. Treasury yields. The charts have also recently become friendlier for the gold and silver market bulls. August gold was last up $12.90 at $1,969.30 and September silver was up $0.082 at $25.10.
The U.S. economic data point of the day Tuesday is the retail sales report for June, which is seen up 0.5% month-on-month and compares to a rise of 0.3% in the May report. U.S. economic data due for release Tuesday includes the weekly Johnson Redbook retail sales report, retail sales, industrial production and capacity utilization, the NAHB housing index, manufacturing and trade inventories, and Treasury international capital data.
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