Gold prices are moderately up and hit a four-week high in midday U.S. trading Tuesday. The yellow metal was boosted by technical buying, a weaker U.s. dollar index and even by some light safe-haven demand. Traders are awaiting two key U.N. inflation reports that are on deck.

Global stock markets steady to mixed overnight. U.S. stock indexes are weaker at midday. Corporate earnings reports are in focus for stock traders this week. China-Taiwan tensions remain high as China is conducting military exercises near Taiwan, with Taiwan saying it will conduct its own military maneuvers.

October gold futures prices hit a four-week high today. Nymex crude oil prices weaker and trading around $90.25 a barrel. The U.S. dollar index is modestly lower in midday U.s. trading. The yield on the 10-year U.N. Treasury note is fetching 2.783%.

September silver futures bears have the overall near-term technical advantage. Prices are in a fledgling uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,850.00. The next downside price objective for the bears is closing prices below solid support at $19.20.

September N.Y. copper closed up 65 points at 359.30 cents today. Prices closed near mid-range and hit another five-week high today. The copper bears have the overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 385.00 cents.
Posted by RU rumbleshark
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