Part of the Stock Digest group of websites: Visit Tech Stock Digest  

Gold climbs, dollar craters on Trump Jr.’ emails with Russia

Funds flowed into gold on Wednesday, while the dollar tanked amid fresh political uncertainty triggered by US President Donald Trump's son emailsand meeting last summer with a Kremlin-linked lawyer that promised “sensitive information” to "incriminate" Democratic presidential nominee Hillary Clinton.

The news came amid an ongoing investigation by the Justice Department and the House and Senate Intelligence Committees on whether President Trump’s team assisted Moscow in influencing last year’s election, which it has already been determined Russia did.

Gold spiked in Asian hours Wednesday, trading as high as $1,220.35 an ounce compared with a low of under $1,208 hit on Tuesday. The metal was slightly higher in early US trading, with August Comex gold last up $1.90 an ounce to$1,216.60.

US currency also suffered and the dollar index, which measures the greenback against a basket of currencies, fell as low as 95.592 in Asia trade on Wednesday, from levels as high as 96.174 on Tuesday. It went even lower in New York, modestly down (-0.10%) to 95.56 at 08:57AM ET.

Bullion has been trading around four month lows in the past weeks as the market has been gearing up to hear over today’s remarks from Fed Chair Janet Yellen before the US Congress.

To continue reading please click link

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.



Name Last Change
DOW 24462.90 0.83%
S&P 500 2670.14 0.86%
NASDAQ 7146.13 1.29%
TSX 15484.32 0.19%
TSX-V 804.96 0.00%

Resource Commodities

Name Last Change
Gold 1335.59 0.75%
Silver 17.13 0.76%
Copper 3.13
Platinum 926.88 0.000
Oil 68.38 0.13%
Natural Gas 2.74 2.88%
Uranium 24.25 N/A
Zinc 1.47 0.00%


Part of the Stock Digest family of websites
Small Cap Stock Digest