Metals Starting the Week Down AgainPosted 10/07/2019 10:42AM CT |
For the second week in a row, gold and silver futures were down early Monday morning to start the trading week. December gold was down $7.10 an ounce to $1,505.80 and silver was down to $16.565 an ounce. Similar to last week, this is not a very risk averse marketplace right now and investors are not buying up safe haven metals. However, that could change in the near future with the ongoing China-U.S. trade war which includes the civil angst in Hong Kong.
U.S. stock futures were also down this morning with the Dow, S&P 500, and Nasdaq all dropping points. U.S. and China trade talks will resume in the nation’s capital this week, and there are hopes that they could bring some positivity to the marketplace.