Gold, silver firmer on safe-haven buying, slightly tamer U.S. PPI

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.up just a bit in midday trading Thursday.

The European central bank met for its regular monetary policy meeting today and made no changes in interest rates. The key outside markets today see the U.S. dollar index higher and hit a 4.5-month high today, following the hotter U.S. CPI report Wednesday morning. Nymex crude oil prices are weaker and trading around $85.50 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently fetching around 4.6%.

May N.Y. copper closed down 385 points at 424.35 cents today. Prices closed nearer the session low and saw profit taking after hitting a 14-month high Wednesday. The copper bulls have the solid overall near-term technical advantage. Prices are in a two-month-old uptrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 450.00 cents.

Follow Jim daily on Kitco.com as he provides both AM and PM roundups and a daily Technical Special. 1 877 963-NEWS jwyckoff at kitco.com The SEC has issued a Wells notice to Uniswap Labs, the main developer behind the Uniswap decentralized exchange, suggesting that a lawsuit against the platform is imminent. - While the gold market takes a break and consolidates its recent record-high gains of around $2,350, there is still plenty of potential within the precious metals market, as analysts recommend traders look at the potential value of silver and PGMs.

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