Precious Metals

Reuters reported that a drop in the value of the dollar and low interest rates launched gold to another all-time high.

Reuters reported that a drop in the value of the dollar and low interest rates launched gold to another all-time high.

The market news is quoted as saying:

James Steel, who follows the gold market for HSBC in New York, said the statements “put the nail in the coffin” to any thoughts investors had of the Fed raising rates soon to control inflation — its other responsibility.

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MARKETS

Markets
TSX20179.81+187.93
TSXV680.49+7.47
DOW33761.05+424.38
S&P 5004280.15+72.88
NASD13047.19+267.27
ASX7032.50-38.50

COMMODITIES

Commodities
Gold1801.89+0.36
Silver20.82+0.02
Copper3.68-0.03
Palladium2224.19+14.20
Platinum965.47+2.48
Oil91.88-2.46
Heating Oil3.51+0.03
Natural Gas8.78-0.09

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