U.S. Dollar vs Precious metals
US Dollar Index is trading lower today against the bucket of main currencies. Gold price is trading lower on Wednesday; the greenback prices were already down ahead of the data, due to technical selling after the market hit a four-month high during the quiet trading week. Among other precious metals: silver price decreased, platinum and palladium prices are trading higher.
Stock Market Today
U.S. stocks on Wednesday opened higher S&P 500 2784.35 (+0.29%) and NASDAQ Index 7241.71 (+0.25%), Dow Jones Industrial Average 25888.84 (+0.37%).
US Stock market indexes are trading higher today, boosted by increasing optimism on global economic growth. Bitcoin prices are dropping today this week and hit a four-week low overnight. The cryptocurrency is also working in favor of the gold market, even it is an extremely volatile asset now.
Economic data for today: Industrial Production, Home builders’ index
All market review articles are provided as a third party analysis and do not represent the views of Bullion Exchanges and should not be considered as financial advice in any way.