Episode Details
Back to EpisodesPre-Market Report – Thursday 4 April: Some Relief on Powell - Gold at Record Highs
Published 1 year, 9 months ago
Description
Dow fell 43.10 points, or 0.11%, to close at 39,127.14, marking its third straight negative day. The S&P 500 inched higher by 0.11% to finish at 5,211.49 for its first winning session of the week. The Nasdaq Composite traded up by 0.23%, ending at 16,277.46.
ASX SPI Futures up 26 points.
ASX SPI Futures up 26 points.
- Base metals were higher across the board as the US dollar softened. Nickel +2.0%, Aluminium +1.7%, Zinc 2.5%, and Tin 1.37%.
- Copper rose 2.73%, reaching a 13-month high.
- Lead advanced 3.12%, after data showed 80%-89% of lead warrants are now owned by one company.
- Gold gained 0.82% to a new record high following Powell's commentary. Gold is up over 11% so far this year.
- Oil prices settled higher, reaching 5-month highs with WTI up 0.31% and Brent Crude up 0.25% after senior OPEC+ ministers kept oil output policy unchanged.
- 10Y Bond Yields – US 4.349%, Australia 4.143%, and Germany 2.378%.
- Currencies - AUD up 0.72% to 65.64US cents. USD Index -0.53%, Euro +0.09%, and Bitcoin -0.24%.
- Gold gained 0.82% to a new record high following Powell's commentary. Gold is up over 11% so far this year.
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