Click Here to Subscribe Now! Try a 3-month trial for only $68

The War On Cash

Daily Recap

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.


Premium Content Notification

A subscription is necessary to access premium content.

Please use the button below to subscribe in order to access all premium articles