Silver closes higher as dollar weakens
Silver prices rose on Monday, as the US dollar fell against most of its peers, amid anticipation of the US inflation data.
The US CPI will be released later this week, which have been showing signs of rising recently and been weighing down on US stocks and bond markets.
US Treasury Secretary Janet Yellen said President Joe Biden's $4 trillion spending plan would be good for the US, even if it contributes to rising inflation and results in higher interest rates.
The dollar index fell against a basket of currencies 0.2% to 89.9 points as of 19:34 GMT, after it hit a high of 90.3 points and a low of 89.9 points.
Silver August futures rose 0.4% or 12 cents, and closed at $28.02 an ounce.
US stocks close mixed, Nasdaq ends higher
The major US stock indices closed mixed on Monday, as Dow Jones and S&P 500 fell, while Nasdaq rose.
The US CPI will be released later this week, which have been showing signs of rising recently and been weighing down on US stocks and bond markets.
US Treasury Secretary Janet Yellen said President Joe Biden's $4 trillion spending plan would be good for the US, even if it contributes to rising inflation and results in higher interest rates.
To the oil market, WTI crude July futures fell 0.6% or 39 cents, and closed at $69.23 a barrel, after hitting a high of $70 and a low of $68.6.
Brent August futures fell 0.6% or 40 cents, and closed at $71.49 a barrel, after hitting a high of $72.2 and a low of $71.1.
As for stocks, Dow Jones fell 0.3% or 126 points, and closed at 34,630, with a day high of 34,820, and a low of 34,574.
S&P 500 fell 0.1% or 3 points to 4,226, after hitting a high of 4,232 and a low of 4,215.
While Nasdaq rose 0.5% or 67 points to 13,881, with a high of 13,889 and a low of 13,784.
Oil falls as focus shifts to Iran nuclear talks
Oil prices fell on Monday, despite the US dollar's drop against most of its peers, with focus on the new round of Iran's nuclear talks.
Iran and Western powers have entered a new round of talks in Vienna to return to the 2015 agreement in exchange for lifting US economic sanctions on Iranian oil exports.
This comes after the former US President Donald Trump withdrew from the agreement in 2018 and re-imposed economic sanctions on Tehran.
The dollar index fell against a basket of currencies 0.2% to 89.9 points as of 17:47 GMT, after it hit a high of 90.3 points and a low of 89.9 points.
As of 17:43 GMT, WTI crude July futures fell 0.4% to $69.3 a barrel, after hitting a high of $70 and a low of $68.6.
Brent August futures fell 0.3% to $71.6 a barrel, after hitting a high of $72.2 and a low of $71.1.
Gold closes higher on falling dollar
Gold prices rose on Monday, as the US dollar fell against most of its peers, amid anticipation of the US inflation data.
The US CPI will be released later this week, which have been showing signs of rising recently and been weighing down on US stocks and bond markets.
US Treasury Secretary Janet Yellen said President Joe Biden's $4 trillion spending plan would be good for the US, even if it contributes to rising inflation and results in higher interest rates.
The dollar index fell against a basket of currencies 0.2% to 89.9 points as of 17:54 GMT, after it hit a high of 90.3 points and a low of 89.9 points.
Gold August futures rose 0.4% or $6.80, and closed at $1898.80 an ounce