U.S. Dollar vs Precious metals
The Market Review. The US Dollar index hits a three-year low today, even after the strong US economic data released on Friday. The gold price rose to its highest level since November today. Investors expect the gold price to trade even higher this week. Among other precious metals: silver price slightly increased, platinum and palladium prices are also trading higher.
Stock Market Today
U.S. stocks on Monday opened higher S&P 500 2786.24 (+0.67%) and NASDAQ Index 7261.06 (+0.68%), Dow Jones Industrial Average 25803.19 (+0.89%).
US markets are closed on Monday for Martin Luther King holiday. With the little economic data in the upcoming week, earnings from large financial institutions could be the main event this week. Besides the expecting growth, investors are also waiting to hear how companies will use the boost in profits after the tax reform.
Economic data for this week: Empire State Index (Tuesday), Industrial Production, Home builders’ index (Wednesday), Weekly Jobless Claims, Building permits, Philly Fed (Thursday), Consumer Sentiment (Friday).
All market review articles are provided as a third-party analysis and do not represent the views of Bullion Exchanges. Please do not consider this article as financial advice in any way.