kitco.com/news/2022-08-08/Gold-silver-boosted-by-falling-USDX-U-S-bond-yields-rising-oil.html
Gold, silver boosted by falling USDX, U.S. bond yields, rising oil market. October gold futures were last up $12.70 at $1,793.00. Silver sharply up and hitting a five-week high in midday U.s. trading Monday.

September Comex silver futures were last up $0.808 at $20.645 an ounce. U.S. stock indexes are weaker at midday. Corporate earnings reports will be in focus for stock traders this week. We are in the “dog days’ of summer, whereby trading volumes in many markets wane.

Nymex crude oil prices higher and trading around $90.50 a barrel. Crude oil last Friday hit a 4.5-month low. The U.S. dollar index is lower at midday. The yield on the 10-year U.s. Treasury note is fetching around 2.8%.

October gold futures bears still have the overall near-term technical advantage. A fledgling price uptrend is still in place on the daily bar chart. Bulls' next upside price objective is to produce a close above solid resistance at $1,850.00. The 2-year U.S. T-note yield is 3.209, which has the yield curve still inverted.

September N.Y. copper closed up 450 points at 359.70 cents today. Prices closed nearer the session high and hit a five-week high today. The copper bears have the overall near-term technical advantage. Wyckoff's Market Rating: 4.0.
Posted by WA wagmi
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