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The Open - Jim Wyckoff

Gold Down Amid Bearish Outside Markets

(Kitco News) - Nymex crude oil futures prices are lower today on profit taking and a corrective pullback after hitting a six-week high on Friday. Meantime, the U.S. dollar index is firmer on a corrective bounce after hitting a seven-week low last Thursday. World stock markets were mixed overnight in quiet, late- summer trading. The "dog days" of summer are here. Many traders in the Western Hemisphere are on vacation. Markets could be quieter until after the U.S. Labor Day holiday in early September.

By Jim Wyckoff, contributing to Kitco News;
Follow Jim Wyckoff @jimwyckoff



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