Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should consult your adviser.
Daily Resources Overview
Goldfutures prices ended the U.S. day session with solid gains Friday, hit atwo-week high and closed at a technically bullish weekly high close.
In addition to this renewed and welcomed bullishsentiment, Friday’s gains in the precious metals complex occurred in tandemwith a U.S. equities market that had incredible gains on the day. The Dow Jonesindustrial average gained over 443 points today as it closed at 25,883.25. Thiswas a net gain of 1.74% on the day. The NASDAQ composite exhibited gains of6/10 of a percent and closed at 7471.75.
These strong gains witnessed in U.S. equitiesand the precious metals were a direct result of market sentiment based upon thetrade negotiations between the United States and China that were reported asmaking headway and getting closer to a favourable resolution. While this newsonly had a minor impact on the U.S. dollar it had a profoundly strong impact onU.S. equities, and to a lesser degree a strong impact on the precious metals.