Gold prices are trading almost unchanged and silver prices are weaker in quieter US midday trading on Thursday. Traders are waiting for the next big US economic data to guide prices, possibly next week's August Consumer Price Index report, due out on Wednesday, September 13.
The gold market is in a technical bearish state in the short term, which makes the precious metal's price uptrend very timid. Technically, falling gold prices have the overall near-term technical advantage. However, the price is still in a nascent uptrend on the daily bar chart, but just barely.
The gold market is in a technical bearish state in the short term, which makes the precious metal's price uptrend very timid. Technically, falling gold prices have the overall near-term technical advantage. However, the price is still in a nascent uptrend on the daily bar chart, but just barely.
