kinesis monety system

More price pressure on gold, silver as USDX, bond yields spike up Gold and silver prices are lower in midday U.S. trading Monday. Gold prices hit a nearly 2.5-year low and silver a more-than-two-week low today. Rising government bond yields and a very strong U.S. dollar index are the main bearish factors pushing the precious metals markets down. October gold was last down $12.70 at $1,632.80 and December silver was down $0.17 at $18.73. The global marketplace experienced rough waters…

Silver caught between an industrial metal and a monetary asset Silver prices are on the move to the top of their current trading range, looking to test resistance around $22 an ounce. Although the precious metal is supported by long-term fundamentals, commodity analysts at BMO Capital Markets said that growing recessionary risks could weigh on prices in the near term. While silver is considered a monetary metal, the analysts noted that its role as an industrial metal had been a…