There are several major “outside markets” that can and do have a daily, and sometimes significant, impact on the price movements of gold (GCM26) and silver (SIK26). These markets include global stock indexes, the U.S. dollar index ($DXY), crude oil (CLM26), and U.S. Treasuries. Importantly, the outside markets’ impact on the two precious metals is not static. Let’s look at the key outside markets and their present daily price impacts on gold and silver.
