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China's Turn Again?

Daily Recap

Gold popped nicely today, leading the precious metals complex higher. Traders point to multiple concerns leading investors into the safety of gold, such as the UK vote, the Fed meeting, and Comey's testimony as top worries. On a day when gold rose to $1293 – up 1% – silver gained 14 cents or 0.8%, and platinum rose $8, also up 0.8%. XAU finally put together a good session, up 5% to $87.39 Oil prices got in on the act also, with crude up 1.6% to $48.17/bbl.

 

Those same kind of concerns sent stocks mostly lower worldwide, in mixed trading. Asia shares were lower, except for the Shanghai and Hong Kong markets. European shares rose sharply in Italy, but were down everywhere else; the STOXX 600 fell 0.67%. Except for the US and Mexico, American markets were mostly higher. Overall, the Global Dow index lost 0.23%.

 

Bonds benefited from the day's ... Log in or subscribe to continue reading.


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