Gold price firmer as key U.S. inflation report on deck

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Gold and silver prices are moderately higher in early U.S. trading Tuesday. April gold was last up $9.00 at $2,042.00. March silver was last up $0.188 at $22.955. The U.S. economic data point of the day Tuesday is the consumer price index report for January, seen coming in at up 2.9%, year-on-year, compared to a rise of 3.4% in the December report. Asian and European stock markets were mixed to weaker in overnight trading. U.S. stock index futures are set to open lower today on profit taking after hitting record highs Monday. The key outside markets today see the U.S. dollar index slightly lower. Nymex crude oil prices are higher and trading around $77.50 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently fetching 4.166%. Technically, the gold futures bulls have the slight overall near-term technical advantage. The silver bears have the overall near-term technical advantage.

#Gold #Silver #U.s.Inflation #StockMarkets #CrudeOil #TreasuryNote

https://www.kitco.com/news/article/2024-02-13/gold-price-firmer-key-us-inflation-report-deck