Kitco Metals Roundup: Gold prices are steady to modestly higher in early U.S. trading Wednesday. Even though there is less risk aversion in the market place at mid-week, the geopolitical events recently are keeping sellers of gold pensive. August Comex gold was last up $2.40 at $1,308.80 an ounce. Spot gold was last quoted steady at $1,308.00. December Comex silver last traded up $0.039 at $21.105 an ounce.
Wyckoff’s Daily Risk Rating: 7.0 (Russia-Ukraine crisis and Irael-Hamas conflict are still front-burner matters for markets.)