Daily Bullion Market Alert

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 August gold futures closed up $19.00 an ounce at $1,412.00 today. Prices closed nearer the session high today. A slumping U.S. dollar index boosted gold today. The gold bears still have the overall near-term technical advantage as trading has again turned choppy. Prices are still in a 7.5-month-old downtrend on the daily bar chart.
July silver futures closed up $0.492 an ounce at $22.735 today. Prices closed nearer the session high today and were boosted by short covering and a slumping U.S. dollar index. Silver bears still have the overall near-term technical advantage. Prices are in a 7.5-month-old downtrend on the daily bar chart.
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