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Yesterday it was another positive session on Wall Street, as all the major stock markets posted higher closes. The standout there was the Dow Jones, which did almost manage to set a daily close above 35,000. The index ended the US session at 34,991, which was its highest daily close since August 14. The close last night, came after the index had set a session high 35,051. It was also above a technical level at 34,888 and one step closer to the current 2023 high, at 35,679 reached on August 1. The Dow Jones was also the best performing major US index in percentage terms on the day. However, overnight the Asian markets are slightly in the red and that has impacted the Dow Jones futures, which are slightly lower right now, currently indicating a reopening at around 34,965.
Earlier today the European stock markets were on the front foot and that saw a new all time high for the DAX, at 20,522. That record helped to lift...
As covered in earlier updates here, the combination of higher US yields and a firmer USD/JPY did push gold below a technical support level, in place...
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