US Gold futures finished Tuesday's pit session lower.
The overall market was quiet, there was no market-moving news, and Americans and Europe are on vacation.
Dec Gold last traded -2.70 at 1,613.50 oz.
Spot Gold was last quoted -0.70 at 1,611.50.
Sept Comex Silver last traded + 0.227 at 28.09 oz.
The USD index was weaker Tuesday as the "Greenback" Bulls are fading in here.
Crude Oil prices were firmer Tuesday as the Bulls have gained some upside near-term technical momentum.
WTI Crude Oil 93.38 +1.18 (1.28%)
These 2 Key outside markets were in a Bullish mode for the precious metals Tuesday, and did limit selling pressure in Gold and Silver. The precious metals markets will continue to look closely at how Crude Oil and the USD index trade daily.
Asian stocks were firmer as traders and investors in that region look forward to fresh economic data from China due out later this week.
The Australian central bank left its interest rates unchanged, which is what the market expected.
European stocks were lower overnight following fresh, weak economic data coming out of Italy and Germany. Gross domestic product in Italy contracted in Q-2, with a report on industrial production in that nation also showing a decline in June.
There was a downbeat German manufacturing report issued Tuesday. The UK saw a weak industrial production report Tuesday.
The London PM Gold fix is 1,611.00 vs the previous London PM fixing at 1,610.00.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
Follow us on LinkedIn