Gold, silver lose early gains on selling across raw commodity sector

NEW YORK (November 6) Gold and silver prices are weaker and have lost earlier gains amid selling pressure across most of the raw commodity futures markets today. A sharp sell off in the U.S. stock market today is not helping out the safe-haven metals—at least not yet. Neither is a lower U.S. dollar index and a did in U.S. Treasury yields. December gold was last down $6.10 at $3,986.30. December silver prices were down $0.382 at $47.635.

The key outside markets today see the U.S. dollar index lower. Crude oil prices are weaker and trading around $59.25 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently around 4.2%.

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