Even Mao Recoiled
Market watchers are calling it a day of rest today in the US, as stock markets traded mostly unchanged for most of the session. Near the close, the Dow Industrials are down about 0.2%, with other key indices down a bit more than that.
European markets were also fairly quiet, but finished slightly higher on the day - except for London, which was down over 1%. First oil was strong, but then concerns about Saudi Arabia not cutting its production turned that market lower, along with British shares. Later, news of excess supply in the US added to oil's funk.
Unemployment filings declined significantly in the US, highlighting the fact that its economy is stronger than others. European central banks continue to look at further monetary easing, helping the US dollar a bit.
Yet despite it all, the precious metals just want to go higher. Gold is up a very robust $22, ... Log in or subscribe to continue reading.
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