New York Wrap: Gold and Silver Both Jump Over 4%
Precious metals stole the US session as gold surged 4.2% to $4,244 and silver rose 4.3%, while the Nasdaq 100 slipped and the dollar softened broadly.
Precious metals stole the US session as gold surged 4.2% to $4,244 and silver rose 4.3%, while the Nasdaq 100 slipped and the dollar softened broadly.
Precious metals dominated the European session as gold jumped 4.2% and silver 4.3%, while European indices softened and the dollar eased broadly.
Precious metals lead the tape as gold clears $4,244 and silver tops $61. The dollar softens, crypto is mixed, and European indices open on the back foot.
Precious industrial metals lead the tape with platinum and palladium up over 6%, US equities surge, and crude oil sheds nearly 6% at the open.
European equities close broadly higher led by the Euro Stoxx 50, while the yen strengthens across FX and crypto sees Polkadot and Cardano outperform.
US session close: WTI and Brent both fell around 6.6% while Cardano jumped 8.5%, US equities firmed and gold added 0.8%. Here's what moved.
The yen swept the leaderboard as USD/JPY fell 2.31% and every JPY cross slid. European equities rallied and Uniswap jumped 11% in crypto.
Brent surged 7.4% and US crude 3.4% while the Nasdaq 100 dropped 2.9%. Gold firmed and the dollar softened broadly into the New York close.
Crude led the day with Brent up 7.35% as US indices sold off hard, the dollar softened across the majors, and gold firmed above $4,060.
Crude tumbled almost 4% to lead the day's losers while precious metals sagged and the Dow closed up nearly 1%. Here's the US session close in the numbers.
The FOMC's Federal Funds Rate decision lands at 18:00 UTC on July 29, with forecast and previous both at 3.75%. Here's what it measures and how USD-linked instruments trade.
Oil led the session lower with a near-4% drop, silver and gold slipped, while UNI and Cardano paced a scattered crypto bounce. Here's where markets open.