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The Open - Jim Wyckoff

Gold Boosted By Sharply Lower U.S. Dollar Index

(Kitco News) - World stock markets were mostly weaker overnight and the U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins. Some profit- taking from recent gains is seen today. The key "outside markets" on Tuesday morning see the U.S. dollar index trading solidly lower and hitting a seven-week low, partly due to a San Francisco Fed study that said the Fed's U.S. inflation target could be raised.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Follow Jim Wyckoff @jimwyckoff

 

 

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