BF: Gold and Silver Continue to Climb as Oil Gets Clipped
S&P futures vs fair value: -13.00. Nasdaq futures vs fair value: -23.30. Skittishness among investors sent gold prices to a new record high above $1680 per ounce earlier this morning. The yellow metal currently trades with a 0.6% gain at $1676 per ounce. Silver prices were recently quoted with a 0.3% gain at $41.90 per ounce after easing back from the new multi-month high above $42 per ounce that was set earlier this morning. As for oil, it continues to trend lower. The energy component is currently priced at $91.25 per barrel for a 0.7% loss. Natural gas prices are up 0.4% to $4.11 ahead of the latest weekly inventory report at 10:30 AM ET.
