Silver falls as dollar holds
Silver prices fell on Monday, as the US dollar held against most currencies, ahead of of the release of key economic data.
The market will turn to the release of the US consumer price index data on Tuesday, which shows inflation trends in the country.
Analysts see that the recent spike in inflation will lead the Federal Reserve to taper its monetary policy.
Fed Chairman Jerome Powell stated recently that the central bank might start reducing the size of its bond-buying program before the end of this year.
The dollar index fell against a basket of major currencies by less than 0.1% to 92.6 points as of 20:04 GMT, after hitting a high of 92.8 points and a low of 92.5 points.
As of 20:05 GMT, silver spot prices fell 0.5% to $23.7 an ounce, with a high at $23.8 and a low at $23.2.
Dow Jones closes higher, after 5-session losing streak
The main US stock indices closed higher on Monday, after a 5-session losing streak, ahead of the release of key economic data.
The market will turn to the release of the US consumer price index data on Tuesday, which shows inflation trends in the country.
Fed Chairman Jerome Powell stated recently that the central bank might start reducing the size of its bond-buying program before the end of this year.
To the oil market, WTI crude October futures rose rose 1.1% or 73 cents, and closed at $70.45 a barrel.
Brent November futures rose 0.8% or 59 cents, and closed at $73.51 a barrel.
As for stocks, Dow Jones rose 0.7% or 262 points, and closed at 34,869, and hit a day high of 34,939, and a low of 34,665.
S&P 500 rose 0.2% or 10 points to 4,468, after hitting a high of 4,492 and a low of 4,445.
Nasdaq fell 0.1% or 10 points to 15,105 points, with a high of 15,215 and a low of 15,030.
Dollar steadies ahead of US consumer price data
The US dollar held against most currencies on Monday, ahead of of the release of key inflation data in the US.
The market will turn to the release of the US consumer price index data on Tuesday, which shows inflation trends in the country.
Analysts see that the recent spike in inflation will lead the Federal Reserve to taper its monetary policy.
Fed Chairman Jerome Powell stated recently that the central bank might start reducing the size of its bond-buying program before the end of this year.
The dollar index fell against a basket of major currencies by less than 0.1% to 92.6 points as of 17:30 GMT, after hitting a high of 92.8 points and a low of 92.5 points.
Gold edges higher as dollar eases
Gold prices rose on Monday, as the US dollar held against most currencies, ahead of of the release of key economic data.
The market will turn to the release of the US consumer price index data on Tuesday, which shows inflation trends in the country.
Analysts see that the recent spike in inflation will lead the Federal Reserve to taper its monetary policy.
Fed Chairman Jerome Powell stated recently that the central bank might start reducing the size of its bond-buying program before the end of this year.
The dollar index fell against a basket of major currencies by less than 0.1% to 92.6 points as of 17:38 GMT, after hitting a high of 92.8 points and a low of 92.5 points.
As of 17:39 GMT, gold spot prices rose 0.1% to $1,793.9 an ounce, with a high at $1,800.2 and a low at $1,784.4.