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Commodity & Industrial Shares Are Up

Commodity & Industrial Shares Are Up

APMEX

5/7/2021 8:32:40 AM

Gold is up nearly $16 to $1,840 an ounce, while Silver is down almost 15 cents to $27.35 as of 9 a.m. EDT. 

Early in the week, the S&P 500 saw a rise in commodity and industrial shares. Inflation remains a concern in some sectors, as supply chain shortages and bottlenecks persist.  

Treasuries dropped and the dollar strengthened. Meanwhile, oil, Copper and lumber price tags soared. The computer chip shortage is reportedly leading automakers to scrap fancy add-on features to foster continued production. A long-term solution for the problem remains to be seen.  

A $2.25 trillion infrastructure and jobs proposal penned by President Biden is in discussions. If passed as is, it would raise the corporate tax rate to 28%. 

APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies

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