MCX Silver Tips – Sell Karo Aur So Jaao Next TARget – 35510—34734 – Neal Bhai Reports
December gold futures were last down $5.60 an ounce at $1,222.40. December Comex silver was last down $0.257 at $14.245 an ounce. silver prices are sharply lower in early U.S. trading Friday, pressured by a firmer U.S. dollar index on and sharply lower crude oil prices.
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European stock markets were mixed overnight, while Asian equities were mostly down. Japan’s markets were closed for a public holiday. U.S. stock indexes are pointed lower at the New York opening. Recent losses have wiped out this year’s gains in the U.S. stock indexes.
Read More : Gold Prices Slip for 3rd Day in a Row, Silver Rates Decline
It appears the U.S. stock indexes have put in major market tops. Stronger selling pressure in the U.S. equities today would likely prompt some safe-haven buying interest in the gold and silver markets.
The U.S.-China trade war is not improving and could be escalating. Reports say the U.S. is talking to its allies regarding boycotting a Chinese technology firm due to cybersecurity risks.
This news followed the mid-week report from the U.S. Trade Representative that accused China of continued theft of U.S. technology and espionage.
U.S. President Trump and Chinese President Xi are scheduled to meet face-to-face in Argentina next week.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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