Gold and Silver Edge Higher After Earlier-Week Selloff
Gold and silver prices edged higher in overseas trade on Friday, October 16, recovering some ground after a sharp selloff earlier in the week.
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Gold and silver prices edged higher in overseas trade on Friday, October 16, recovering some ground after a sharp selloff earlier in the week.
Oct 14 (Reuters) — Futures for Canada's main stock index edged higher on Wednesday as global bond yields continued to ease, while losses in precious metals limited gains ahead of key US inflation data. December futures on the S&P/TSX index inched up 0.2% at 6:04 a.m. ET (1004 GMT). Oil prices were little changed after
U.S. benchmark crude edged lower after the EIA reported a 3.2 million-barrel withdrawal in commercial crude oil stocks last week. Gasoline inventories rose 382,000 barrels and distillate stocks fell 42,000 barrels.
The MSCI's gauge of stocks across the globe rose 0.7%. The Nasdaq Composite reached a record closing high, lifted by Nvidia and Microsoft. The euro stumbled to a 17-month low against the dollar, and the 10-year US Treasury yield rose to a fresh 24-year high.
Recap of Monday's trading across global equities, bonds, currencies and commodities.
Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.
Global stocks were little changed, while Japanese government bond yields climbed to historic levels and US Treasury yields edged lower. Gold rose and Brent crude eased, with traders still pricing in further Federal Reserve rate hikes.