Price pressure on gold, silver as safe-haven demand wanes

Price pressure on gold, silver as safe-haven demand wanes

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( Kitco News ) – Gold and silver futures prices are moderately lower in early U.S. trading Wednesday. The metals are seeing some selling pressure from upbeat trader/investor risk appetite, evidenced by the rallies in global stock indexes at mid-week. A higher U.S. dollar index on this day is also a negative for the metals. December gold futures were last down $6.00 at $1,870.00 and December Comex silver was last down $0.277 at $24.18 an ounce.

Global stock markets were mixed but mostly up overnight, while U.S. stock indexes are higher ahead of the New York day session. Monday’s news that Pfizer has produced a successful vaccine for Covid-19 has been followed by other firms saying they are […]

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