Precious Metals Are Up
4/23/2021 8:32:22 AM
As of 9 a.m. EDT Friday, Gold was at $1,803.48, Silver rose to $26.46, Palladium leapt to $2,945.50 and Platinum hit $1,261.20. Palladium is a Precious Metal to watch this week. Analysts project it to continue climbing due to automakers purchasing more of the Precious Metal.
Dogecoin remained a star this week, rising to record highs followed by small recoils. Still, Cryptocurrency remains volatile following Coinbase going public last week. Bitcoin notably suffered.
Oil reached a one-month high at $64 a barrel. Global stocks retreated, futures followed suit and treasuries rose. Markets posted higher than expected numbers, with Johnson & Johnson coming out ahead of projections. Still, the market effects of the COVID-19 vaccine pause remain to be realized.
A tax rate increase was reportedly proposed by President Biden late this week, causing the S&P 500 to sink 30 points. The plan stands to cost wealthy investors 43.4% in capital gains taxes.