fell 0.6% to $2,001 per ounce.closed at a record high on Tuesday of 3389.87 for the first time since February amid positive housing-market data and a broad tech rally.
This means the index has shot up 52% since its coronavirus low of 2247.40 in March, making it one of the most spectacular recoveries from a bear market. Naeem Aslam, chief market analyst at Avatrade, said: "There is no doubt that the tech sector leads this coronavirus stock market rally."prices were soft ahead of an OPEC meeting later on Wednesday.
Aslam said: "Traders are keeping an eye on the OPEC+ gathering where the current supply cut is the agenda of their meeting. No one wants to see the OPEC+ resume their production level to the pre-COVID-19 level. "The reason is simple: global economic output is nowhere close to this level, which means that oil demand is much below its pre-coronavirus level. An increase in the supply can only translate into a massive disaster for the oil prices."OPEC is planning to bring back roughly 1.5 million barrels a day after cutting about 10% of global production following the COVID-19 slump.
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Stocks Open Higher, With S&P 500 Closing In On New Record HighStocks opened higher today with S&P 500 closing in on a new record high by skleb1234 skleb1234 the stock market is an indication of corporate health, not the economic wellbeing of the average citizen who has no skin in the game. stocks represent Trump's BFFs financial interests, not those of the everyday person. skleb1234 continent their fathers conquered.' 'The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs.' - Thomas Jefferson skleb1234 If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around(these banks) will deprive the people of all property until their children wake up homeless on the
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