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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.

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