Market Review: Gold Price decreased to $1,279.70 (-0.35%) per ounce, Silver Price $16.43 (-0.11%), Platinum Price $946.30 (+0.40%), Palladium Price 1012.65 (-0.65%), Dow Jones index 23,940.68 (0.44% increase).
U.S. Dollar vs Precious metals
The US Dollar index is trading lower against a bucket of major currencies. However, the greenback found support after data on Wednesday showed that the U.S. economy grew faster than market analysts expected in the third quarter. Gold trades lower and remains under pressure as U.S. inflation and tax reform are still questionable. Among other precious metals: silver price is trading lower, platinum price slightly increased, palladium price also decreased.
Stock Market Today
U.S. stocks on Thursday opened mixed S&P 500 2626.07 (-0.04%) and NASDAQ Index 6824.39 (-1.27%), Dow Jones Industrial Average 23940.68 (+0.44%).
Wall Street indexes are trading slightly lower today after Federal Reserve Chair Janet Yellen said in her latest speech that it’s important to keep raising interest rates in order to be prepared to handle an overheating economy.
Bitcoin price is $9,464 today. Cryptocurrency has seen a jaw-dropping rally of more than 90% since the start of the year. However, some experts are still warning the rally is showing signs of a bubble.
Economic data for today: Weekly jobless claim, Personal income, Consumer Spending, Core inflation.
All market review articles are provided as a third party analysis and do not necessarily match views of Bullion Exchanges and should not be considered as financial advice in any way.