What Helped Gold Move Higher Today
Stocks finished lower as
investors took some profits off the table ahead of earnings season, while
Treasuries finished higher on the day. Â
Equity
Tobacco shares led
declines as investors fretted that an Illinois appeals court may reject a
judge’s reduction of a $12 billion bond against Phillip Morris. The Nasdaq
future
(
NDU3 |
Quote |
Chart |
News |
PowerRating) was down 8.50 to close at 1288.50. The S&P 500 contract
(
SPU3 |
Quote |
Chart |
News |
PowerRating) was down 2.25 at 998.80, and the Dow
(
DJU3 |
Quote |
Chart |
News |
PowerRating) was down 66 at 9141.
Fixed Income
U.S. Treasuries were stronger in as a result of a weak showing
in the Treasury market. The 10 year futures contract
(
TYU3 |
Quote |
Chart |
News |
PowerRating) was
up 070 to close at 116-110; the 30 year
(
USU3 |
Quote |
Chart |
News |
PowerRating)
was up -06 at 115-08; and the five year note was up 030 at 114-170.
(
FVU3 |
Quote |
Chart |
News |
PowerRating).
Metals
July gold
(
GCQ3 |
Quote |
Chart |
News |
PowerRating) was up by .70 to close at
344.80 in reaction to a weaker US dollar. Silver
(
SIN3 |
Quote |
Chart |
News |
PowerRating) was down 1.50 at 4.81. Copper was
down .25
at 77.85
(
HGU03 |
Quote |
Chart |
News |
PowerRating), and aluminum
(
ALN03 |
Quote |
Chart |
News |
PowerRating) was up by .0035 to close at
.6595.
Energy
July crude
(
CL03Q |
Quote |
Chart |
News |
PowerRating) was up by .08 to
close at 30.96, and natural gas was down by .015 at 5.505
(
NG03Q |
Quote |
Chart |
News |
PowerRating).
Currencies
The USD index
(
DX03M |
Quote |
Chart |
News |
PowerRating) was down as a result
of a strong treasury market closing at 95.96.