Market Review: Gold Price increased to $1,252.90 (+0.60%) per ounce, Silver Price $16.54 (+0.78%), Platinum Price $943.55 (+0.97%), Palladium Price $853.95 (+0.44%), Dow Jones index 21,532.92 (0.36% decrease).
U.S. Dollar vs Precious metals
US Dollar Index was trading lower on Friday morning. The index came heavily down by the European Central Bank’s discussion in the fall a plan to pare back its bond purchases. The dollar is also staying under pressure because of concerns the Russian investigation. Potentially that tax reform could slow. As well as other pro-growth policies of the Trump administration. Gold price market has support by the weaker dollar. Gold price is steady on Friday. It stays on a positive track after reaching a three-week high this week.
Among other precious metals: silver price slightly rose today, platinum and palladium prices are also trading higher.
Stock Market Review Today
U.S. stocks on Friday opened lower S&P 500 2468.33 (-0.20%) and NASDAQ Index 6380.92 (-0.13%), Dow Jones Industrial Average 21532.92 (-0.36%).
Wall Street Indexes open lower today with no economic data to focus on. So, much of the market’s direction was driven by the companies earnings out early Friday. The political situation worries some investors. But this is just healthy skepticism needed for the market to keep going higher.
Most investors have kept their eyes on companies earnings reports this week. As well as geopolitical tension.
Economic data: No scheduled meetings