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The Open - Jim Wyckoff

Gold Weaker Amid Bearish Outside Markets

(Kitco News) - Nymex crude oil futures prices are lower in early U.S. trading today. Crude prices are still in a near-term uptrend. It appears Nymex oil prices are stuck in a trading range between $40.00 and $50.00 a barrel. Meantime, the other key outside market finds the U.S. dollar index firmer and hovering not far above last week's seven-week low. World stock markets were narrowly mixed in quieter trading overnight. U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
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