- Gold and silver prices are firmer in quieter early U.S. trading Monday. A weaker U.S. dollar index is a supportive outside market element lifting the metals markets to start the trading week. Short covering in the gold and silver futures markets is featured ahead of a key U.S. inflation report on Wednesdasy. December gold was last up $5.70 at $1,948.40 and December silver was up $0.196 at $23.37.
Traders and investors are waiting for the next major U.S. data point, which is the consumer price index report for August out Wednesday morning. The CPI is expected to be up 4.3%, year-on-year, versus a 4.7% rise in the July report. Asian and European stock markets were mixed overnight. U.S. stock indexes are pointed to higher openings when the New York day session begins.