Silver falls as investors turn to stocks
Silver prices fell on Friday, as the US dollar rose against most major currencies, while investors turned to stock markets.
The latest US companies that reported their quarterly were Twitter and Intel Corp.
Efforts to contain the coronavirus pandemic are continuing around the world, especially after the emergence of the new highly spreading Delta variant.
The World Health Organization stated that coronavirus infections have increased in the US, Europe and Asia due to the new Delta strain, which has renewed fears of the pandemic spreading out of control.
The dollar index rose against a basket of major currencies by 0.1% to 92.9 points as of 19:55 GMT, after hitting a high of 93.02 points and a low of 92.7 points.
Silver spot prices fell 0.4% to $25.2 an ounce as of 19:55 GMT.
Dow Jones extends gains, closes above 35,000
US stock indices closed higher on Friday, buoyed by the tech sector amid focus on major US companies earnings results.
The latest US companies that reported their quarterly were Twitter and Intel Corp.
Efforts to contain the coronavirus pandemic are continuing around the world, especially after the emergence of the new highly spreading Delta variant.
The World Health Organization stated that coronavirus infections have increased in the USs, Europe and Asia due to the new Delta strain, which has renewed fears of the pandemic spreading out of control.
To the oil market, WTI crude August futures rose 0.2% or 16 cents, and closed at $72.07 a barrel, and posted a gain of 0.4%, after hitting a high of $72.1 and a low of $71.3.
Brent September futures rose 0.4% or 31 cents, and closed at $74.10 a barrel, with a weekly gain of 0.7%, after hitting a high of $74.1 and a low of $73.3.
As for stocks, Dow Jones rose 0.7% or 238 points, and closed at 35,061, and posted a weekly gain of 1.1%, with a day high of 35,095, and a low of 34,855.
S&P 500 rose 1% or 44 points to 4,411, and posted a weekly gain of 2%, after hitting a high of 4,415 and a low of 4,381 points.
Nasdaq rose 1% or 152 points to 14,836, and registered a 2.8% weekly gain, with a high of 14,846 and a low of 14,698.
Copper continues to rise, shrugs off rising dollar
Copper prices rose on Friday, despite the US dollar's rise against most majors.
The World Health Organization stated that coronavirus infections have increased in the US, Europe and Asia due to the new Delta strain, which has renewed fears of the pandemic spreading out of control.
Efforts to contain the coronavirus pandemic are continuing around the world, especially after the emergence of the new highly spreading Delta variant.
Bear in mind that copper is also being lifted by optimism about the global economy, especially as it used in many industrial activities such as cars and electrical appliances.
The dollar index rose against a basket of major currencies by 0.1% to 92.9 points as of 13:41 GMT, after hitting a high of 93.02 points and a low of 92.7 points.
Copper September futures rose 0.4% to $4.35 per pound as of 13:38 GMT.
Dow Jones rises near 35,000 points again
The US stock indices opened higher on Friday, on track for weekly gains, amid anticipation of major US companies earnings results.
The latest US companies that reported their quarterly were Twitter and Intel Corp.
Efforts to contain the coronavirus pandemic are continuing around the world, especially after the emergence of the new highly spreading Delta variant.
The World Health Organization stated that coronavirus infections have increased in the USs, Europe and Asia due to the new Delta strain, which has renewed fears of the pandemic spreading out of control.
As for stocks, Dow Jones rose 0.4% or 120 points to 34,944 as of 14:20 GMT, and S&P 500 rose 0.4% or 20 points to 4,387, while Nasdaq rose 0.3% or 45 points to 14,730.