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Good morning. The #preciousmetals are mostly lower in early U.S. trading.

U.S. calendar features Chicago Fed National Activity Index, Dallas Fed Index.

While we think the #gold market has posted a moderately reliable low with the Wednesday washout, we also expect volatility to increase in both gold and #silver ahead and we expect both markets to retest and perhaps temporarily violate recent lows.

However, the gold market showed signs yesterday that it was receiving a flight to quality bid from renewed economic uncertainty and perhaps more importantly from escalating concerns of potential trouble in the financial markets from the debt ceiling situation.

In fact, a significant jump in credit default swap rates has surfaced and according to Reuters, those yields reached the highest levels in more than a decade, with some analysts suggesting the prospects of a technical default are no longer insignificant...[MORE]

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April 21 (Reuters) - Gold prices dropped about 1% on Friday and were headed for their biggest weekly decline in around two months with markets expecting the U.S. Federal Reserve to opt for a higher for longer interest rate stance to control inflation.

Spot gold was down 0.8% at $1,987.59 per ounce by 1150 GMT. Bullion has also lost about 0.8% so far this week, its biggest such decline since late February. U.S. gold futures fell 1% to $1,998.10...[LINK]

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

U.S. calendar features  S&P Global PMIs - Flash, #FedSpeak from Cook.

April 20 (Reuters) - Gold prices firmed above the $2,000 level again on Thursday as the dollar and Treasury yields pulled back after soft U.S. data pointed to the economic toll of the Federal Reserve's interest rate-hike cycle, strengthening the case for an imminent pause.

Spot gold climbed 0.6% to $2,004.59 per ounce by 10 a.m. EDT (1400 GMT), after hitting a two-week low of $1969.1 in the previous session. U.S. gold futures rose 0.4% to $2,016.00...[LINK]

While gold prices waffled around both sides of unchanged overnight the charts remain bearish and are accentuated by ongoing bearish macro psychology.

While gold and silver prices came under significant attack yesterday morning, the markets posted a very impressive rebound, which in turn should discourage some sellers today.

However, the threat of rising interest rates in the US and UK continues to create headwinds for all the markets especially as that theme has lifted the dollar this week and resulted in treasury bonds reaching the lowest level since March 15th yesterday...[MORE]

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

U.S. calendar features Philly Fed Index, Initial Jobless Claims,  Leading Indicators, Existing Home Sales, and lots of #FedSpeak.

April 18 (Reuters) - Gold prices rose on Tuesday, buoyed by a weaker dollar, while investors looked for more clarity on the U.S. Federal Reserve's rate hike path ahead.

Spot gold rose 0.4 % to $2,002.72 per ounce by 0909 GMT. U.S. gold futures were also up 0.4% to $2,015.40...[LINK]

Good morning. The #preciousmetals are higher in early

U.S. trading. U.S. calendar features Housing Starts, #FedSpeak from Bowman.