Silver and Gold Price review

Gold Price decreased to $1,251.70 (-0.32%) per ounce, Silver Price $17.95 (-0.77%), Platinum Price $944.10 (-1.40%), Palladium Price $806.85 (-1.85%), Dow Jones index 20,689.00 (0.16% increase). A new Monday morning starts with a fresh look over markets by bringing you everything you need to follow up for making well-thought investment decisions during the next 5 days.

U.S. Dollar vs Gold Price and Precious metals

The US Dollar rebounded after losing ground and was quite strong again. Gold dropped down on Monday on a stronger dollar, moving away from a 5-month high hit in the previous session, although geopolitical tensions continued to distract safe-haven demand for the precious metal. Silver was already trading above its 200-day moving average last week before it moved higher but it then reversed strongly and even below its 200-day moving average. Last week, Spot gold prices rose by 0.4 percent, to close at $1253.6. The market analytics expected that precious metals would pack to trade positive after the US launches a military attack on Syria building up safe-haven appeal, on Monday all four precious metals prices dropped down. The probability of further military action against Syria and rising tensions with Russia could potentially keep safe-haven assets for precious metals from falling too far.

Stock Market Today

U.S. stocks on Monday opened higher : S&P 500 2,358.72 (+0.10%) and NASDAQ Index 5,882.56 (+0.08 %), Dow Jones Industrial Average 20,689.00 (0.16%). Oil prices rose more than 1 percent, supported by strong demand, uncertainty over the conflict in Syria, and a shutdown at Libya's largest oilfield. President Donald Trump and Chinese President Xi Jinping met at the Mar-a-Lago in Florida last week, in which the two leaders struck a friendly note. Some market participants looked at the meeting as a potential risk for stocks. There are no major economic data points set for release on Monday. Fed Chairwoman Janet Yellen speaks later today at an engagement in Michigan. This week’s economic calendar is light. Also, the key report reviews are not out until Friday. So, that's why the calendar doesn’t come into focus until the end of the week. A few events this week to note. One, the preliminary April consumer sentiment index from the University of Michigan survey is also on tap (Thursday).  Other data during the week include February JOLTS job openings. Along with the NFIB small business survey (Tuesday). There are trade prices for March. Which along with the Treasury budget (Wednesday). As well as weekly initial jobless claims and March PPI (Thursday).