US EditionWall Street drifts in mixed trading as gold and silver prices bounce back
Gold rose 6.2% and silver jumped 14.3% after sharp declines, while U.S. stocks showed mixed results influenced by big tech and corporate earnings.
- On Monday, U.S. stocks traded mixed as the S&P 500 slipped 0.4%, the Dow Jones Industrial Average rose 68 points, and the Nasdaq composite fell 0.9%, while gold climbed 6.2% to $4,939.20 and silver vaulted 14.3%.
- Barclays volatility strategists said stretched anti-USD bets and expectations about President Donald Trump's Fed nominee drove metals momentum, then reversed after swings.
- The 10-year Treasury yield edged down to 4.28% from 4.29% late Monday, and gold dropped from near $5,600 to less than $4,500 on Monday, traders say `simple gravity` took over.
- PayPal's quarterly miss hit its stock, while Nvidia and Microsoft slid 2.5% and 2.2%, respectively, and Palantir climbed 6.6%.
- South Korea's Kospi surged 6.8%, while Japan's Nikkei 225 climbed 3.9% and Shanghai and Hong Kong gained 1.3% and 0.2%.
38 Articles
38 Articles
Asia shares mixed after Wall Street losses while gold and silver exten
HONG KONG (AP) — Asia shares were mixed on Wednesday following Wall Street losses weighed down by technology stocks , while gold and silver continued to regain ground after a recent sell-off. Tokyo’s Nikkei 225 dropped 0.6% to 54,391.58, although it was still trading higher than at the start of the week. Shares of chipmaker Tokyo Electron fell 2%, while testing equipment maker Advantest lost 1.6%. SoftBank Group edged up 0.2%. Shares of Nintendo…
Winnipeg Free Press
Wall Street loses ground in mixed trading as gold and silver prices bounce back
Breaking News, Sports, Manitoba, Canada
News to the Day and to the Hour Latest News of today Precious metals recover ground after gold fell from about USD 5,600 to less than $4,500 and silver plummeted 31.4% on Friday The US stock market recorded mixed results on Tuesday, while gold and silver bounced back from its last fall on a day of high volatility in precious metals markets. The S&P 500 fell 0.51% and moved away from its historic peak established last week. The Dow Jones industr…
The collapse in gold and silver prices last week has not altered the structurally bullish bias maintained by JPMorgan (JPM) over gold metal. The entity has updated its base scenario, with a projection that consolidates a strong rebound during 2026, while it is more cautious about the behavior of silver.See more: What explains the collapse of gold and silver and how investors should navigate it?During the third week of January, gold grazed US$5,6…
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