Silver price and gold price

Gold Spot Price today decreased to $1,268.80 (-0.69%) per ounce, Silver Price $17.76 (-1.34%), Platinum Price $958.00 (-1.00%), Palladium Price $801.80 (+0.36%), Dow Jones index 20 966.56 (0.98 % increase).

U.S. Dollar vs Precious metals

After falling to the lowest levels since November on Monday, the US dollar is slightly weaker on April 25. The sharp rise in the euro yesterday after amid Macron’s lead in first round of France’s presidential election weighed on the US Dollar Index. The main factor which keeping the dollar’s losses is the expectation of a corporate tax reform plan by President Trump, that he announced last week. Corporate income tax will likely cut from 35% to 15%. The market is also looking forward to US economic releases scheduled for this week. Investors expect gold prices to trade sideways today as uncertainty looms with regards to the two favorable candidates in the French election the second round result. Gold price and silver price are dropping for a second day on morning trading, the platinum price goes with a small change, meanwhile, palladium price slightly increased. Aside from the lack of big economic data or policy announcements today, the gold market also has run out of steam for the time being due to renewed investor optimism and risk appetite.

Stock Market Today

U.S. stocks on Tuesday opened higher S&P 500 2388.07 (+0.59%) and NASDAQ Index 6019.43 (+0.60%), Dow Jones Industrial Average 20966.56 (+0.98%). The market sentiment improved due to decreased geopolitical tensions amid France’s presidential election. The market is waiting for US CB Consumer Confidence data. The data is scheduled to be released at 10:00 AM EST today. Congress returns from a two-week break this week facing a deadline to keep the government operating while President Donald Trump presses harder for some legislative accomplishments as his first 100 days in office wind to a close. The research team at Danske Bank points out that in the US, Conference Board’s consumer confidence data for April is due and will be the key economic release for today’s US session after the sentiment tide turned sharply positive on Monday after the outcome of the weekend’s French election, Wall Street continued to keep a close eye on the political news. Investors await delivery on a pledge last week from President Donald Trump, who said he planned to release “a big tax reform and tax reduction” plan on Wednesday. Some predict the broad rally in U.S. stocks on the follow-through of Trump’s campaign promises. Which are lower taxes, less regulation, and more fiscal spending.

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