US stocks rose about 2% last week, gold prices also skyrocketed again.
Economic and financial news on the US stock market situation on November 22: The Dow Jones index increased 0.97% to 44,296.51 points, the S&P 500 index increased 0.35% to 5,969.34 points. The Nasdaq Composite increased 0.16% to 19,003.65 points. By the end of the week, all three indexes increased about 2%.
On the morning of November 25, the DXY index fluctuated up to 106.8 points, and US Treasury bond yields fell to 4.357%.
Economic and financial news closing session on November 22, spot gold rose $1.5% to $2,709.24 an ounce. Gold futures added $1.4% to $2,712.20 an ounce. For the week, gold prices jumped nearly $6% following Russia's missile attack and dovish comments from central banks. Gold tends to move inversely to the dollar.
The World Gold Council (WGC) estimates global gold investment demand in the third quarter at 364.1 tonnes, up 1,321 tonnes year-on-year and the highest quarterly level since the first quarter of 2022. Gold ETF inflows of 94.6 tonnes were the main driver of the increase in gold investment demand in the quarter, although demand for gold bars and coins fell 91 tonnes year-on-year.
Silver contract price rose 1.3% to $31.338/troy ounce, while platinum rose 0.5% to $975.1/troy ounce. In contrast, copper fell 0.9% to $4.086/pound.
Brent oil price increased by 1,27% to 75.17 USD/barrel. WTI oil contract increased by 1,63% to 71.24 USD/barrel. For the whole week, two oil contracts increased by 6%.
Hedge funds in the agricultural sector sold nearly 145 thousand contracts due to forecasts of record output in Brazil, concerns about the trade war and the US dollar.
