The War On Cash
Stocks ground out further gains in the US, as they did in Asia and Europe, on no particularly exciting news. The Asia Dow rose 0.30% despite minor profit taking on Chinese shares, and the STOXX 600 increased by 0.77%, once again with all major exchanges in the green. The UK's FTSE led the pack, aided by a strong manufacturing purchases report out of China, which supports Britain's large metals sector.
Speaking of the metals, ongoing concern with the Korean situation and a low inflation report from the US added to gold's recent upward bias. Coming into the close, gold is up $13, silver is up 17 cents and platinum is $8 higher. The mining shares are having a good day, with tailwinds from metals and stock prices. XAU is up more than 2% and trading again over 90; GDXJ is up 3.2% and back over $36 again.
The dollar is down, ... Log in or subscribe to continue reading.
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