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.
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.
