At-a-Glance
Today’s Top Highlights
Last week the gains in Gold and Silver were the spotlight of the week, and starting off the week today both showed strong gains. Although they both traded lower from the new all-time high price set today, Silver still saw gains of near 6% and Gold traded higher by 1.17%, still closing at a record high price. Copper and Platinum futures both declined today and Copper is still lagging the other precious metals as it has more room to go higher to achieve its all time high price. The Dollar also saw selling pressure as it has been trending lower, and is now trading at a 4 month low price, which helped support Gold and Silver.
The equities saw mixed results today with the S&P and Nasdaq seeing marginal gains while the Russell saw slightly lower prices. Traders did see a strong durable goods report this morning and will be watching the consumer confidence report tomorrow to gauge the sentiment of the markets at these elevated prices. Along with that, there are a number of key earnings reports coming out starting on Wednesday tied with the Fed decision on interest rates that could have a strong impact on volatility across asset classes for the remainder of the week.
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