Markets were happy today, with most everything moving higher. Asian shares started things off, with both Japanese and Chinese shares up. European shares followed, with financials and mining stocks pushing the STOXX 600 up 1.5%, to its highest level in a month.
Good earnings reports from Goldman Sachs and Netflix got things going in the right direction early in the session, and the tone remained positive. The Dow was up 75 points with the other key indices up even more.
Bonds, crude oil, and the dollar also had good days, with bond rates dropping some 4 basis points and oil up nearly 1%.
Gold finished strong, up $7. Silver gained 15 cents and platinum $7. XAU finished strongly, up 3.7%, partly on news of a pick-up in the UK's inflation rate.
by Jon S. Strebler
The US dollar has been the world's leading reserve currency since the mid-1940s. At the Bretton Woods meetings in 1944, most ... Log in or subscribe to continue reading.