Gold prices fluctuate amid USDX dip and Fed rate path uncertainty.
TL;DR Summary
Gold and silver prices are slightly up in early US trading, supported by a lower US dollar index and firmer crude oil prices. Traders are waiting for the next major fundamental input to drive the metals markets, which may come after next week's FOMC meeting of the Federal Reserve. The Euro zone has technically entered a recession in the first quarter, and the Turkish lira hit a new record low against the US dollar. The US dollar index is weaker, Nymex crude oil prices are firmer, and the benchmark 10-year US Treasury note yield is presently fetching 3.811%.
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