![]() Next support is seen at $23.00 and then at the May low of $22.785. First resistance is seen at the overnight high of $23.51 and then at $23.75. The next downside price objective for the bears is closing prices below solid support at $22.00. Silver bulls' next upside price objective is closing July futures prices above solid technical resistance at $24.50. Prices hit a two-month low last week and are trending lower on the daily chart. The silver bears have the overall near-term technical advantage. First support is seen at $1,960.00 and then at the overnight low of $1,949.60. August gold was last up 6.00 at 1,975.50 and July silver was down 0.092 at 23.655. dollar index lost its good early gains and as crude oil prices rallied. Both markets pushed well off their early session lows when the U.S. First resistance is seen at $1,985.00 and then at $2,000.00. 1 day ago &0183 &32 - Gold prices are modestly up and silver a bit weaker in midday U.S. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,900.00. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at $2,000.00. Call 80 to invest in gold and silver bars & coins with Monex. Prices hit a nine-week low overnight and are trending down on the daily bar chart. Instant access to 24/7 live gold and silver prices from Monex, America's trusted, high volume precious metals dealer for 50+ years. Technically, the gold futures bulls have the overall near-term technical advantage but have faded recently. economic data due for release Tuesday includes the monthly house price index, the S&P Core Logic house indexes, the consumer confidence index and the Texas manufacturing outlook survey. Gold price trades below $1,950 ahead of Congress debt ceiling vote and June Fed decision Treasury note yield is presently fetching 3.725%. Nymex crude oil prices are lower and trading around $71.75 a barrel. dollar index down on a corrective pullback after hitting a two-month high last week. The key outside markets today see the U.S. Reasons include higher inflation, geopolitical turmoil and interest rate worries. In overnight news, the World Gold Council reported its survey shows 24% of central banks intend to increase their gold holdings in 2023. House and Senate votes on the matter are likely to occur this week. Republican and Democratic leaders have agreed upon a deal to raise the U.S. Trader and investor attitudes are more upbeat to start the U.S. stock indexes are pointed toward higher openings when the New York day session begins. August gold was last up $10.60 at $1,973.70 and July silver was down $0.02 at $23.34.Īsian and European stock markets were mostly firmer overnight. trading week are supporting the price recovery in gold. Treasury yields on the first day of the U.S. trading Tuesday, on perceived bargain hunting and some short covering in the futures market after the yellow metal hit a nine-week low overnight. ( Kitco News) - Gold prices are firmer in early U.S. ![]() Receive a comprehensive recap of the day's top stories directly to your inbox. Get all the essential market news and expert opinions in one place with our daily newsletter.
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