Stock Market Review

Gold Spot Price today increased to $1,230.80 (+0.04%) per ounce, Silver Price $16.36 (-0.48%), Platinum Price $913.10 (+0.80%), Palladium Price $816.80 (+1.26%), Dow Jones index 20936.17 (0.07% decrease).

U.S. Dollar vs Precious metal

U.S. Dollar Index futures are trading slightly higher today. Analytics suggest the direction of the index next week is likely to be determined by trader reaction. Especially to the French election second round on Sunday. A rising U.S. currency makes dollar-denominated commodities more expensive for holders of other currencies, potentially subduing demand for gold. Gold price was a bit higher in the morning trading  still weighed down by a stronger dollar,  U.S. interest rate rises this year and  political uncertainty in Europe. Since the first round (April 23) of the French election, we have seen gold comes under geopolitical uncertainty pressure. Silver price slightly drops. Platinum is up after the metal fell to its lowest since December yesterday. And, the palladium price rose today over 1%.

Stock Market Today

U.S. stocks on Friday opened slightly higher S&P 500 2394.13 (+0.19%) and NASDAQ Index 6087.92 (+0.25%), Dow Jones Industrial Average 20936.17 (-0.07%). French election has been one of the biggest concern for investors recently. Months of fierce campaigning is coming to an end in France on Sunday.  Emmanuel Macron and Marine Le Pen battle it out in the second and final round of the country’s presidential election. The U.S. stock market has proved recently to be quite pressured by multiple geopolitical threats and France’s presidential election also has a huge impact on base stock indexes.  According to political analytics and the first election round, Emmanuel Macron’s seem winning the presidential runoff, but Marine Le Pen is entirely possible to win due to a phenomenon is known as a differentiated abstention. Her victory is likely to trigger a global equity selloff. But, the U.S. stock market will be the first to recover in this case. Emmanuel Macron’s victory is more "market-friendly" scenario. Additional news: The government reported a strong gain in jobs for April on Friday morning, and the unemployment rate fell to its lowest level since May 2007. Economic data for today: Unemployment rate, Nonfarm payrolls, Average hourly earnings.

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