Steady price action in gold, silver as U.S. debt-limit talks loom gold silver USdebtlimit
- Gold and silver prices are trading close to unchanged levels on the day in early U.S. dealings Monday. Traders are awaiting fresh fundamental inputs as a busy data week lies ahead, including negotiations aimed at keeping the U.S. government from defaulting on its debt obligations. June gold was last up $0.20 at $2,020.00 and July silver was up $0.031 at $24.185.
Global stock markets were mixed to firmer overnight. U.S. stock indexes are pointed toward firmer openings when the New York day session begins. China’s central bank Monday said China’s economic growth in the second quarter will rebound sharply and that inflation levels will stay low due to less demand. In other news, Euro zone March industrial production fell 1.4%, year-on-year, which was more than forecast. The European Union sees Euro zone annual inflation at up 5.8% in 2023, up from a 5.6% rise in its previous forecast.
U.S. economic data due for release Monday is light and includes the Empire State manufacturing survey and Treasury international capital data.
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