5 years ago

Multinational central banks cut interest rates, the Dow fell slightly through the $1,500

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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.

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