Market Review: Gold Price decreased to $1,284.30 (-0.43%) per ounce, Silver Price $17.01 (-0.70%), Platinum Price $979.90 (-0.31%), Palladium Price $934.45 (-0.64%), Dow Jones index 21,856.14 (0.33% increase).
U.S. Dollar vs Precious metals
The US Dollar slightly rose today ahead of key talk European Central Bank President Mario Draghi and Federal Reserve boss Janet Yellen scheduled for Friday. Gold price moved lower today. Traders and investors will closely watch the results of central bankers meeting for any clues on future monetary policy. Among other precious metals: silver price decreased, palladium and platinum prices are also trading lower.
Stock Market Today
U.S. stocks on Friday opened higher S&P500 2447.78 (+0.34%) and NASDAQ Index 6286.83 (+0.27%), Dow Jones Industrial Average 21858.14 (+0.33%).
While precious metals dropped down, Wall Street indexes increased today as investors prepared for key speeches from U.S. central bankers.
Federal Reserve chair Janet Yellen will give a speech on “Financial Stability.” Which, could probably provide new clues to the monetary policy.
Analytics’ expectations are low. Yet, some experts suggest that the Fed chief could attempt to realign market expectations. Together with the central bank’s own outlook that it will raise rates once more this year.
Economic data for today: Durable goods orders, Core capital goods orders.