Gold price weaker ahead of another busy U.S. data day

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The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

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.prices are slightly lower and silver modestly up in early U.S. trading Thursday.

The key outside markets today see the U.S. dollar index slightly up. Nymex crude oil prices are weaker and trading around $78.25 a barrel. The yield on the benchmark 10-year U.S. Treasury note is fetching 4.34%. has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another.

- Slack continues to build in the U.S. Labor market as the number of American workers applying for first-time unemployment benefits remains at elevated levels. However, the gold market is seeing little reaction to the latest labor market data. - Gold prices are slightly lower and silver modestly up in early U.S. trading Thursday. Both precious metals are pausing ahead of another busy day for U.S. economic reports.

 

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