S&P futures vs fair value: +3.70. Nasdaq futures vs fair value: +8.20. Gold prices have eased back a bit in recent trade. The yellow metal was most recently quoted with a 1.4% gain at $1667.60 per ounce after it had set a new record high above $1670 per ounce earlier this morning. Meanwhile, silver is boasting a 2.6% gain as it trades at $41.12 per ounce. Overnight continuous contract prices had been up around $41.25 per ounce for a new three-month high. Oil prices are under modest pressure. The energy component was quoted with a 0.2% loss at $93.58 per barrel in its first few minutes of pit trade. Early morning electronic trade actually took oil prices below $93 per barrel. Weekly inventory data are due at 10:30 AM ET. As for natural gas, prices are unchanged at $4.16 per MMbtu.
