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The 6PM Recap With Gary Wagner: Gold was also helped by an outside market today â?? namely crude oil May 29 2015 6:16PM

Gold was also helped by an outside market today – namely crude oil.


Commentary

Don't Underestimate The Effects Of A Strong Dollar Mar 11 2015 11:00AM

The effect and impact of a strong US dollar cannot be underestimated. Today we saw the US dollar climbed to a 12 year high. This move dramatically affected the US equities markets which gave up almost 300 points today, negating all of the gains of 2015. When we look at the US dollars impact on gold, we see a proverbial salmon swimming upstream. Believe it or not gold traded roughly $5.30 higher today based upon normal trading. When we add in dollar strength we need to subtract over $11 on the day. The net effect of course was gold trading approximately six dollars lower today.


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Global Indices

Index data delayed 30 min.
updown DJIA 18,010.68 -115.44
updown NASDAQ 5,070.03 -27.95
updown NIKKEI 20,563.15 +11.69
updown RUSSELL 1,246.53 -6.57
updown NYSE 11,056.30 -76.44
updown TSX 15,014.10 -92.91
updown USD 96.89 0.00
updown Crude Oil 60.23 +2.62
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