Gold, silver consolidating greater | Kitco Information

This morning, gold and silver are buying and selling round $1,895 and $23.80, respectively. Platinum is obtainable round $1,079 and palladium is round $2,372. All the treasured metals appear to be consolidating above latest help ranges — a bullish signal for the advanced. Metals bulls will probably be on the lookout for gold to proceed to steer with a breakout above the $1,900 degree.

Though the U.S. 10-year yield and U.S. greenback index (DXY) commerce in a steady vogue this morning, fairness futures are pointing to a decrease open. The inventory market has been buying and selling on Russia/Ukraine battle headlines and continued to react to the information over the weekend and within the in a single day hours. From a technical perspective, a breach of the Jan. 24 low would open the door to a different leg down within the indices.

Skinny quantity, on account of Presidents’ Day within the U.S., mixed with the overhanging geopolitical risk, could set off additional knee-jerk reactions. Merchants ought to be ready for doable outsized volatility.

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