Daily Market Review Silver and Gold Prices

Gold Price today $1,242.90 (+0.80) per ounce, Silver Prices at $18.09 (-0.06), Dow Jones index 20,578.88 (Today’s change 0.20%), Stock market review!   U.S. Dollar vs Precious metals Precious metals managed to gain slightly on Thursday as the Dollar backed off from a high growth. Gold prices continue rising in line with the weakening of the dollar across the board. Silver prices managed to pierce through $18.00 and it trades just above this figure, we can expect the silver prices also will remain buoyant during next week and maybe make good progress along with the gold prices as the pressure on US Dollar continues to exist. Gold as the main instrument against the weakness in the dollar, seen over the past couple of months, is the center of all market watchers now.   Stock Market Today Stocks opened lower Friday as overseas markets traded generally lower and U.S. investors prepare for a three-day holiday weekend. Oil prices eased Friday morning leaving West Texas Intermediate just above $53 a barrel and down about 1% this week. Stock market strategists with the most optimistic outlooks this week say stocks could go even higher than their initial predictions,  supported by an improving economy, more profitable U.S. companies and hope that the New Administration will finally cut the tax.  

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