Instrument NamePlatinumInstrument Symbol(PLF23)

Instrument ExchangeNYMEX

The dollar index (DXY00 ) on Friday rose by +0.07%. The dollar Friday posted modest gains, supported by higher T-note yields. Also, Friday’s U.S. reports showed the University of Michigan Jan consumer sentiment climbed to a 9-month high, and Dec pending home sales unexpectedly increased, which were bullish for the...

We saw another strong week for Gold as it continues to outperform the other metals with tailwinds set in place to push it through the $2,000/oz mark, led by the end of Fed rate hikes and a declining U.S. Dollar. At the same time, optimism and uncertainty surrounding the Chinese reopening and weaker economic data have started to damage industrial metals. That has led to the increasing divergence between the spread between Gold and Platinum while also creating a floor under the Gold/Silver ratio.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.29%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.50%. U.S. stock index futures this morning recovered from early...