Editor’s Note
This market overview highlights the current stability in precious metals amid heightened geopolitical tensions between the U.S. and Iran. While gold and silver prices hold steady, rising crude oil prices and a slight dip in the U.S. dollar underscore the cautious sentiment driving early trading.
Gold and silver prices are exhibiting steady action in early U.S. trading Thursday, as traders and investors focus on rising U.S.-Iran tensions. April gold futures are near unchanged and March silver is slightly up. The U.S. dollar index is slightly lower. Nymex crude oil prices are higher and trading around $78.50 a barrel. The yield on the 10-year U.S. Treasury note is fetching 4.15%.
The key outside markets today see the U.S. dollar index slightly weaker. Nymex crude oil prices are higher and trading around $78.50 a barrel. The yield on the 10-year U.S. Treasury note is fetching 4.15%.
U.S. economic data due for release Thursday includes the weekly jobless claims report, the Philadelphia Fed business survey, leading economic indicators, and existing home sales. The minutes from the last FOMC meeting are also out this afternoon.