Mild price pressure on gold, silver amid more downbeat China data

- Gold and silver prices are slightly lower in early U.S. trading Wednesday. The precious metals bulls are timid at mid-week after another economic report out of China that suggests less consumer demand for goods and services, which includes metals. December gold was last down $2.00 at $1,957.90 and September silver was down $0.062 at $22.745.

Asian and European stock markets were mixed to firmer in overnight trading. U.S. stock indexes are pointed to firmer openings when the New York day session begins. The key outside markets today see the U.S. dollar index slightly lower. Nymex crude oil prices are higher and trading around $83.75 a barrel. Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching 3.998%.

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