Gold Weaker Amid Bearish Outside Markets
Wednesday August 24, 2016 08:07
(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
Follow Jim Wyckoff @jimwyckoff
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
