The gold price remains steady after the open suggesting a “wait and see” on further economic data to be released this week. Today, the US is scheduled to release its monthly consumer confidence estimate followed by Thursday’s initial jobless claims. Results from these releases should give some direction effecting US dollar strength as well as a more general view of the state of our economy as it stands currently.
COMEX Gold for June delivery opened $1,881.20 down -0.18% (+6.42% MTD). COMEX Silver for July delivery opened at $27.88 down -0.09% (+7.76% MTD)