U.S. Dollar vs Precious metals

The US Dollar index is trading lower today, as US economic data weighted down the greenback. Gold price is trading higher on Friday, following weakness in the US Dollar. The gold price has gained almost seven percent in the last weeks. Despite a  strong start to 2018, investors have doubts about how long prices can stay on the higher level. Among other precious metals: silver and platinum prices slightly rose, and palladium prices hit record highs.


Gold Price increased to $1,327.90 (+0.17%) per ounce, Silver Price $17.13 (+0.10%), Platinum Price $998.40 (+0.21%), Palladium Price 1106.35 (+0.47%), Dow Jones index 25,734.60 (0.63% increase).


Stock Market Today

U.S. stocks on Friday opened higher S&P 500 2775.63 (+0.29%) and NASDAQ Index 7216.12 (+0.06%), Dow Jones Industrial Average 25734.60 (+0.63%).

Wall Street indexes are trading higher today, as more economic data is scheduled for today. US market was also boosted by the mixed sentiment in the markets overseas. Overall, US market indexes started the year with the high records, and traders consider this happened because of the Fed rate hike decisions made in December.

Economic data for today: Consumer Price Index, US Dollar, Core CPI, Retail Sales, Retail Sales ex-autos, Business inventories.

 

All market review articles are provided as a third-party analysis and do not necessarily match views of Bullion Exchanges. Please do not consider it an advice in any way.

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