Richard's Thoughts on Gold
Sigh... It was the same old, same old today. Overseas markets rose because US markets had previously risen to new records across the board. And then US markets rose again to new all-time highs. The result: The Global Dow up 0.36%, the Asia Dow up 0.78% led by the NIKKEI, and the STOXX 600 up 0.93%. News on December jobs in the US was negative, but what's your point? The market doesn't care about news; it just goes higher.
Stock markets, that is. The metals, crude oil, and bond prices all sold off, if but modestly. Gold lost $2/oz., silver fell 5 cents, and copper also fell 3 cents. Platinum rose by $5, though. XAU dropped 0.46%, and crude oil slipped to $61.61 down 0.65%.
Bonds also sold off, with the 10-year US note attacking the 2.471% yield for the third time this week. Higher yields helped the US dollar index, which ... Log in or subscribe to continue reading.
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