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Time to Buy Gold?

Daily Recap:

 

Stocks were mixed around the world today, trying to parse the latest reports of Trump Jr.’s Russian meeting.  Asia shares were mostly higher, with the Asia Dow gaining 0.67%.  Things went the other way in Europe, with all major exchanges finishing lower and the STOXX 600 giving up 0.65%.  American markets were mostly higher – including the US, which had a couple of dissenters. 

 

Fixed income items were also mixed today, with lower prices/higher yields in Europe and basically the opposite in the US.  Our 10-year T-note rallied by 5/32, to yield 2.358%.  Currency traders didn’t like this latest hit to the US’s image, and sold the dollar vs. the euro.  The dollar index finished off 0.34% at 95.75. 

 

Crude oil added 1.55% to $45.09 on forecasts of lower US production and possible African cooperation to do the same.  The precious metals had a wobbly day, starting off lower but then finishing ... Log in or subscribe to continue reading.


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