Gold Silver Reports – ✅ The SPDR Gold Shares ETF (ticker GLD) kicked off 2018 with an advance of 1.2 percent on Jan. 2, extending its streak of gains to 11, a record. It retreated slightly at the start of regular trading on Jan. 3, but is still up for the year.
Dollar
Rupee opens Little Changed against US Dollar
Gold Silver Reports – The Indian rupee on Friday opened little changed against the US dollar as traders avoided taking long positions ahead of a long weekend. Markets will remain closed on Monday due to Christmas.
Dollar Eyes Weekly Drop on Tax; Asia Stocks Fall
Gold Silver Reports – Stocks in Asia declined and the dollar headed for its first weekly drop this month as investors assessed messages from Federal Reserve and European Central Bank meetings this week and amid lingering concerns about the Republican tax overhaul package.
U.S. Stocks, Dollar Fall as Tax Debate Heats Up
Gold Silver Reports – U.S. equities slumped, with small caps leading losses, and the dollar erased a gain as concern mounted that the Republican tax overhaul package may struggle to pass the Senate.
All major U.S. equity gauges were lower. The S&P 500 Index dropped in afternoon trading after Republican Senator Marco Rubio’s spokeswoman said he told Senate leaders he’ll oppose tax legislation unless they agree to a larger child tax credit. Republicans can only afford to lose two votes and still guarantee passage.
Rupee opens flat against US dollar at 64.57
Gold Silver Reports – The Indian rupee opened little changed against the US dollar on Monday as traders avoided taking long positions ahead of the Reserve Bank of India’s monetary policy review.
Global Gold Prices Firm on Softer Dollar
Gold Silver Reports – Gold prices edged higher on Wednesday as a retreat in the dollar lent support but it remained hemmed within the narrowest monthly range since 2005 as soaring stock markets indicated buoyant appetite for more cyclical assets.
European Stocks Flat as Dollar Extends Decline
Gold Silver Reports – European stocks erased early losses to close little changed as positive economic data in the region offset negative sentiment following a slump in Chinese equities. The dollar extended a retreat sparked by Wednesday’s more dovish than expected Federal Reserve minutes.
Global Gold Prices Inch Higher
Gold Silver Reports – Gold prices crept up on Monday as the dollar held close to a two-month low hit in the previous session, with investors noting the US Federal Reserve’s cautious view of inflation.
U.S. Stocks Decline With Dollar as Treasuries Rise
Gold Silver Reports – U.S. Stocks Decline With Dollar as Treasuries Rise – U.S. stocks edged lower after the best rally in two months, while Treasuries advanced as investors assessed the prospects for corporate tax cuts. The dollar dropped as the euro and yen gained.
Rupee Opens Marginally Higher Against US Dollar
Gold Silver Reports — The Indian rupee on Thursday was trading marginally higher against the US dollar in opening trade.