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Monday, April 24, 2023

Gold and Silver: Modest Price Gains

Above, 2023 Britannia coins. Photo by Armand Vaquer.

We're in a new week and the spot markets for gold and silver are now open.

The greenback is showing some weakness as the week begins, which is making gold and silver rise a bit.

From Kitco News:

(Kitco News) - Gold and silver prices are a bit higher in early U.S. trading Monday. A weaker U.S. dollar index and a dip in U.S. Treasury yields are supportive for the metals market bulls today. However, the metals market bulls are pensive amid general marketplace sentiment that Federal Reserve monetary policy is likely to remain tight in the coming months, despite notions the U.S. and/or global economy could slip into recession. June gold was last up $4.20 at $1,994.90 and May silver was up $0.067 at $25.13. 

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