Gold down as risk appetite improves a bit

NEW YORK (April 29) Gold prices are lower in midday U.S. trading Tuesday, as trader/investor risk appetite has up-ticked just a bit today. Bearish outside markets that see a firmer U.S. dollar index and lower crude oil prices are also negative for the precious metals. Silver prices are up a bit today. June gold was last down $24.40 at $3,323.10. May silver prices were last up $0.165 at $33.175.

U.S. stock indexes are slightly up at midday. Stock market traders are focused on quarterly earnings reports that are released this week. Risk aversion is just a bit less today as reports said the U.S. is negotiating trade deals with several countries. However, downbeat corporate earnings reports this week could again sink the equities market.

The key outside markets today and see the U.S. dollar index modestly higher. Nymex crude oil futures prices are lower and trading around $60.75 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently at around 4.23%.  

Kitco News