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Gold and silver are showing bullish resiliency this morning as the upside breakout extension in the dollar has not thrown prices into negative territory.

While the action in the treasury markets is not distinct this morning, gold and silver traders appear to have shifted some of their focus back to currency action.

On the other hand, the markets are betting heavily on a top in US treasury Note yields at 5% and a breakout above that could compound the negative impact from the surging dollar...[MORE]

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Oct 26 (Reuters) - Gold climbed back towards last week’s five-month peak on Thursday, undeterred by a stronger U.S. dollar and bond yields, as investors looked to the safe-haven asset amid the Middle East conflict.

Spot gold rose 0.4% to $1,986.69 per ounce by 1131 GMT, trading just shy of its highest level since May 16 hit on Friday...[LINK]

Good morning. The precious metals are mostly higher in early U.S. trading.

U.S. calendar features Q3 GDP Advance Report (4.5% exp), Durable Orders (2.1% exp), Adv. Indicators: Goods Trade, Initial Jobless Claims, Pending Home Sales Index, FedSpeak from Waller.

While outside market pressures are not distinctly bearish this morning, the dollar is near a four-day upside breakout and treasury yields are drifting higher.

So far this week, the primary focus of the gold and silver trade has been on bond yields, with less sensitivity to the dollar.

Nonetheless, strength in the dollar following positive US scheduled data yesterday and renewed fears of a European recession indirectly pressured gold yesterday...[MORE]

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Oct 25 (Reuters) - Gold prices were stuck in a narrow $10 trading range on Wednesday as investors held back from making big bets ahead of U.S. economic data this week that could shed more light on the Federal Reserve’s interest rates outlook.

Spot gold was flat at $1,970.13 per ounce by 0948 GMT, having declined in the previous two sessions and trading below a five-month high hit last week...[LINK]

With a two-day high-to-low swing in December gold of $38 the gold trade appears to be indecisive with respect to the near-term trend.

However, outside market action from the dollar and treasuries has flipped positive which has served to temper long liquidation from the delay of the Israeli ground offensive.

Apparently, the IDF has settled on continued bombardment against suspected Hamas strongholds perhaps because of the threat of retaliation from several Arab terrorist groups...[MORE]

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Oct 24 (Reuters) - Gold prices eased on Tuesday, hurt by higher dollar and bond yields ahead of more U.S. economic data that could influence Federal Reserve's outlook on interest rates.

Spot gold was down 0.3% at $1,967.20 per ounce by 0946 GMT. U.S. gold futures fell 0.5% to $1,978.70...[LINK]