Solid U.S. stock market gains stifle gold, silver rallies

Solid U.S. stock market gains stifle gold, silver rallies

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( Kitco News ) – Gold and silver futures prices are lower in midday U.S. trading Wednesday. Big, post-U.S. election rallies in U.S. stock indexes and less risk aversion at mid-week have put the brakes on this week’s rallies in the two precious metals. December gold futures were last down $13.80 at $1,896.60 and December Comex silver was last down $0.364 at $23.97 an ounce.

The U.S. presidential election is still a cliffhanger, with President Trump once again performing much better than the polls were forecasting. It could be days before a final result is seen and a winner declared. Trump has already said he will challenge the results if he loses. Some markets could remain in limbo […]

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