All articles tagged with #us debt talks
Gold prices dip as US government debt-limit-extensions talks resume, and traders and investors shun shorter-term US Treasury bills over fears of a US government default on that debt. The FOMC minutes may shed further light on the Fed's monetary policy going forward, and the US dollar index hits another two-month high. Silver prices are also lower, and the copper bears have the firm overall near-term technical advantage.
Gold and silver futures prices remain unchanged as traders await important government and economic developments in the US, including discussions on raising or suspending the US debt ceiling and the release of the April consumer price index report. The Federal Reserve banking lender survey released on Monday showed that bankers have curtailed loans to customers, which is likely to help tame inflation. Meanwhile, global stock markets were mixed overnight, and US stock indexes are weaker at midday. The US dollar index is higher, while Nymex crude oil prices are lower. June gold futures bulls have the solid overall near-term technical advantage, while July silver futures bulls have the solid overall near-term technical advantage.
Gold futures prices are slightly up ahead of important government and economic developments in the U.S., including discussions on raising or suspending the U.S. debt ceiling and the release of the April consumer price index report. Silver prices remain near steady. Bitcoin prices are tumbling due to reported blockchain network congestion. China's imports dropped 7.9% in April, while exports rose 8.5%. The U.S. dollar index is slightly higher, while Nymex crude oil prices are weaker. The gold and silver bulls have the solid overall near-term technical advantage.