In New York, COMEX gold futures surged as high $1,974.70/to today on gains various attributed to rising inflation concerns, the weaker dollar, and the massive influx of fiscal and monetary stimulus.
In foreign exchange trading, the US Dollar Index was mixed today with the euro trading around $1.1733 while the greenback was buying 105.08 Japanese yen.
In London, LME 3-mo. copper and aluminum firmed to around $6,470/mt and $1,727/mt, respectively, late in the session while 3-mo. nickel slipped to around $13,685/mt.
On Wall Street, the Dow Industrials were down 0.4% in mid-day trading today amid reports of uncertainty surrounding the new fiscal stimulus proposals and coronavirus infection rates.
