The old back and forth is what's new again today. Still "shaken" by the mildest of suggestions yesterday that interest rates may not be raised soon -- shaken, since this indicates weakness in world economies -- stock markets traded mostly lower. Most US indices were down 1% today, despite some positive news on the jobs front.
European stocks were also lower, while Asian markets were mixed. The dollar gained slightly against most currencies, but again fell vs. the Japanese yen.
Oil prices lost a third of a dollar, again on concern of global weakness. But gold, silver, and platinum had good days. The yellow metal gained $18, silver up 15 cents, and platinum added on $12 to its price. Oddly, palladium was once again unable to get out of its own way, and lost another $5 on a day that should have been a slam dunk on the upside. Don't ask me ... Log in or subscribe to continue reading.
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