The Dow closed down 22 points at 26,007 points; the S&P 500 index rose 2 points to 2,883 points; the Nasdaq rose 29 points to 7862 points. 

At the same time, central banks in several countries have cut interest rates one after another, and the loose monetary policy trend has boosted the market’s interest in precious metals. On the same day, the New Zealand Federal Reserve, the Bank of India, and the Bank of Thailand announced interest rate cuts.  

Gold futures prices closed above $1,500, and gold futures for December delivery rose 2.4% to $1519.60 an ounce, the highest since 2013. Silver futures for September delivery on the New York Mercantile Exchange closed up nearly 4.6% to $17.196 an ounce, the highest closing price since 2018. 

US 10-year bond yields fell below 1.7%, the lowest since 2016.

Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like

CP Lotus was privatized by its controlling shareholder and its share price rose slightly by 1%

CP Lotus (0121), which operates a large supermarket in the Mainland, announced…

[China-US trade war] former USTR experts: tariff costs are passed on to consumers

The International Monetary Fund (IMF) report shows that the US government imposes…

Unstable market conditions, abandoning Hong Kong paper, US dollars? Pay attention to the two major operations “risk”!

The Sino-US trade war has intensified, and the revision of the Fugitive…

Goldman Sachs CEO: Tariff measures affect stock market and economic development

China and the United States have temporarily adopted different attitudes toward trade…

Sterling against the Hong Kong dollar to wear 10 counts, Cui Shan, if he announced his resignation, the pound is expected to go down again.

British Prime Minister Wen Cuishan announced the new Brexit plan and joined…

How Digital Currencies are Changing the Face of Business Transactions

As the world becomes more digitized, traditional methods of conducting business are…