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My Gold 'n I

Daily Recap

Stocks were mostly higher in Asia, but mixed in Europe despite the FTSE's 1% gain to new all-time highs on strength in metals and mining share prices. It was mostly another calm day in US stocks, though both the S&P 500 and the NASDAQ scored new highs during the day. Prices ebbed in afternoon trading, as energy, health, and utility stocks were the weakest sectors. 

 

Notable weakness hit the US dollar index, as prices dropped to their lowest levels in weeks, closing in on the 98.00 level. Stories about President Trump sharing secrets with the Russians may have added to concerns and prompted selling. 

 

Gold and the other precious metals were up on the day, aided by a very weak dollar. Gold gained another $7, silver rose 21 cents and platinum forged ahead $13. Mining shares in the US didn't fare as well, as XAU rose less than 1% to ... Log in or subscribe to continue reading.


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