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Gold slips as Fed minutes loom, Hormuz risk eases oil shock

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Gold slips as Fed minutes loom, Hormuz risk eases oil shock

Spot gold and silver are lower in early U.S. trading Monday, pressured by a firmer U.S. dollar and a decline in the oil-risk premium. Softer U.S. labor data and persisting Middle East risk provide some support, but the net effect is downward early in the session.

Analysis

Spot gold and silver are lower in early U.S. trading Monday, pressured by a firmer U.S. dollar and a decline in the oil-risk premium. Softer U.S. labor data and persisting Middle East risk provide some support, but the net effect is downward early in the session.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15