Precious Metals Steady Near Lows as Bulls Try to Stop Declines Amid Strong Dollar, High Yields

Gold and silver prices are near steady but remain near multi-month lows as bulls try to stop declines amid a strong dollar and high Treasury yields.

Risk appetite is subdued after the U.S. House Speaker was ousted, fueling chaos ahead of critical government funding deadlines.

Markets are concerned the Fed will keep interest rates high as the bond rout continues, waiting for weak data like Friday's jobs report to shift the narrative.

The U.S. dollar is weaker but oil prices are also down as traders eye an OPEC meeting. The 10-year Treasury yield hit a 16-year high.

Technically, gold and silver have a bearish bias but could see resistance at $1,900 and $23. Next key support is at $1,800 and $20.