Click Here to Subscribe Now! Try a 3-month trial for only $68 Let's Connect:    

Platinum Time?

Daily Recap

Markets were fairly quiet today, with no big news to deal with. The Asia Dow fell a modest 0.1% and European shares lost 0.31%, led by lower Italian and British prices. In the US, most shares were slightly lower, but higher tech stocks led the NASDAQ to another all-time high.

 

Precious metals were mostly higher. Gold rose $5, silver a dime, and platinum a buck an ounce. Copper was higher by 3 1/2 cents/lb. and crude oil broke its losing streak, rising 1% to $65.37/bbl. Also up 1% was XAU. 

 

Interest rates were down moderately, and even more so in Germany, where the 10-year note's yield fell from 0.42% to 0.38% today. Its US counterpart now yields 2.919%, which helped move the dollar slightly lower; it closed at 93.91, down 0.13%.

 

Final numbers on Wall Street were about the same as they were at the opening, with the Industrials down 14 points or ... 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