Silver closes lower despite falling dollar
Silver futures fell on Monday, despite the US US Treasury bonds retreat and the US dollar's drop against its peers.
Silver was weighed down by the rebound in stock markets, despite the 10-year US Treasury bond yields' fall today to 1.715%.
US President Joe Biden announced a $2 trillion infrastructure spending plan, to develop electricity grids and other facilities to boost the US economic recovery from the Covid-19 pandemic.
Countries around the world are intensifying their efforts to combat the Covid-19 pandemic with largescale vaccination campaigns.
The US stock and bond markets were closed on Friday in observance of the Good Friday holiday, with some stock markets in several European and Asian countries continuing to close today due to the Easter holiday.
The dollar index slipped against a basket of currencies by 0.5% to 92.5 points as of 20:22 GMT, after it hit a high of 93.1 points and a low of 92.5 points.
Silver May futures rose 0.7%, and closed at $24.78 an ounce.
Dow Jones and S&P 500 log new record close
US stock indices closed higher on Monday, amid optimism about the US economic outlook, and after Dow Jones and S&P 500 hit new record closings.
US President Joe Biden announced a $2 trillion infrastructure spending plan, to develop electricity grids and other facilities to boost the US economic recovery from the Covid-19 pandemic.
The US government reported that nearly 100 million citizens have received at least one dose of Covid-19 vaccines.
The US stock and bond markets were closed on Friday in observance of the Good Friday holiday, with some stock markets in several European and Asian countries continuing to close today due to the Easter holiday.
The US Department of Labor revealed that the economy has added 916K new jobs, the largest monthly increase since August, beating forecasts of 652K jobs.
The unemployment rate fell to 6%, in line with forecasts, and better than the previous reading of 6.2%.
The 10-year US Treasury bond yields fell today to 1.715%.
To the oil market, WTI crude April futures fell 4.6% or $2.8, and at $58.65 a barrel a barrel, after hitting a high of $61.5 and a low of $57.6.
Brent May futures fell 4.1% or $2.69, and closed at $62.15 a barrel, after hitting a high of $64.8 and a low of $61.2.
As for stocks, Dow Jones rose 1.1% or 374 points, and closed at 33,527, with a day high of 33,617, and a low of 33,222.
Nasdaq rose 1.6% or 225 points to 13,705, with a high of 13,720 and a low of 13,582.
S&P 500 rose 1.4% or 58 points to 4,077, after hitting a high of 4,083 and a low of 4,034.
Dollar deepens losses as US bond yields fall
The US dollar fell against most of its peers on Monday, as investors turned to stock markets amid a drop in the US Treasury bond yields.
US President Joe Biden announced a $2 trillion infrastructure spending plan, to develop electricity grids and other facilities to boost the US economic recovery from the Covid-19 pandemic.
The US government reported that nearly 100 million citizens have received at least one dose of Covid-19 vaccines.
The US stock and bond markets were closed on Friday in observance of the Good Friday holiday, with some stock markets in several European and Asian countries continuing to close today due to the Easter holiday.
The US Department of Labor revealed that the economy has added 916K new jobs, the largest monthly increase since August, beating forecasts of 652K jobs.
The unemployment rate fell to 6%, in line with forecasts, and better than the previous reading of 6.2%.
The 10-year US Treasury bond yields fell today to 1.715%.
The dollar index slipped against a basket of currencies by 0.5% to 92.5 points as of 18:19 GMT, after it hit a high of 93.1 points and a low of 92.5 points.
Gold closes slightly higher as stocks rebound
Gold prices edged up on Monday, as the US dollar fell against its peers, but was weighed down by the rebound in stock markets.
The US Department of Labor revealed that the economy has added 916K new jobs, the largest monthly increase since August, beating forecasts of 652K jobs.
The unemployment rate fell to 6%, in line with forecasts, and better than the previous reading of 6.2%.
The dollar index slipped against a basket of currencies by 0.5% to 92.5 points as of 18:19 GMT, after it hit a high of 93.1 points and a low of 92.5 points.
Gold June futures rose 0.1% or 40 cents, and closed at $1728.8 an ounce, with a high of $1734.4 and a low of $1721.6.