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Gold, silver prices slightly higher as technicals, outside markets support

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Prices are just a bit firmer in early U.S. trading Wednesday. Bullish near-term technical postures and friendly outside markets (weaker USDX and firmer crude oil) are supporting mild buying interest in both precious metals today.

Prices are just a bit firmer in early U.S. trading Wednesday. Bullish near-term technical postures and friendly outside markets (weaker USDX and firmer crude oil) are supporting mild buying interest in both precious metals today. April gold was last up $2.60 at $2,168.70. May silver was last up $0.146 at $24.535. The marketplace has mostly digested Tuesday’s U.S. consumer price index for February that came in a bit warmer than expected, at up 3.

2%, year-on-year, versus market expectations for a rise of 3.1%, and compares to a rise of 3.1% seen in the January report. The core CPI number for February was up 3.8% compared to expectations of up 3.7% and up

 

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