Exchange-traded funds tracking precious metals were among the best performers of Tuesday's session, as speculators drove up gold and silver prices on expectations of an interest rate cut at the Federal Reserve meeting next week.
The Fed is set to meet next Tuesday. Recently, gold futures were surging by $9.50 to $721.70 an ounce. Silver was also on the rise, climbing 20 cents to $12.90 an ounce. Copper and platinum were also trading up.
The PowerShares DB Base Metals (DBB Quote) was adding 69 cents, or 2.9%, to $24.89. The Market Vectors Steel (SLX Quote) ETF gained $1.66, or 2.5%, to $67.80. The Market Vectors Gold Miners (GDX Quote) was up $1.05, or 2.6%, to $41.99. The SPDR S&P Metals & Mining (XME Quote) rose 94 cents, or 1.7%, to $57.75. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,308.26 | 1,096.07 | 2,180.05 | 34.87 |
Oil *
73.22
|
|
DOWN
132.86
|
DOWN
13.11
|
DOWN
26.86
|
DOWN
1.09
|
10 Yr
3.49%
SPDR Gold
107.34
|
|
-1.27%
|
-1.18%
|
-1.22%
|
-3.03%
|
Data delayed 20 minutes |
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