(Kitco News) - Gold prices are near steady in early U.S. trading Wednesday, after scoring a 3.5-month low in overnight action. The near-term price charts remain firmly technically bearish for the yellow metal. Meantime, silver prices have slumped to a 14-month low, also amid a bearish near-term technical posture. Notions of a more hawkish U.S. Federal Reserve are also favoring the precious metals market bears, at present. Next support is seen at the overnight low of $15.85 and then at $15.75.

Source: Forbes July 05, 2017 12:33 UTC