Daily Close | Forex, Metals, Oil, Agriculture May 28, 2021



In the overnight electronic session, the July corn is currently trading at 666 ½ which is 2 cents higher.


The sustenance of the rally is supported by the recent improvement in foreign investment with the stabilising US yield and drop in the dollar index. less Silver price is feeling the pull of the gravity, as firmer US dollar and Treasury yields dent its appeal. less At ₹100 cr/annum, Zerodha’s Nithin and Nikhil Kamath among top dollar promoters Compensations are moving northwards and how!


These several central banks reinvesting in gold are partially the reason behind the current price of gold reaching $1,900. Commerzbank thinks that if this support continues, the gold price in the USA will continue to positively impact the gold price. So, this support for gold by central banks is a major benefit to the world gold market. The World Gold Council expects these banks will be the net gold buyers of 2021. At this time last year, the gold price was around $1,737 per oz and it pushed to an all-time high of $2,048 in August.
less A discussion on precious metals, investments in physical silver and gold, ETFs, mining stocks, business news affecting precious metals. Basically, purchases from central banks have been sporadic and significant, making tracking gold demand difficult. But why exactly is the current price of gold rising now? Where is the gold price in the USA going? Amid all the talk of Bitcoin and cryptocurrency crashes, gold’s rise has been relatively steady.
Author — investment book Bringing Home the Gold Editor — The Investor’s Edge®. The Technical Confluences Detector shows that silver price faces powerful resistance around the $27.85 region, which is the convergence of Fibonacci 23.6% one-day, Fibonacci 61.8% one-week and SMA10 one-day. However, rising inflation expectations and a larger US stimulus could help check the downside in silver.


Image Source: Pixabay *We have a reporting company today,HMLP, the Norwegian-owned LNG shipping company, facing competition from its own parent from Bermuda, now privatized. They will be confronted with pain at the pump as gasoline prices have risen to over $3.00 per gallon in most parts of the country. In the overnight electronic session, the July crude oil is currently trading at 6724 which is 39 points higher. Gasoline is going to stop at $6, $7, I think, based on what I’m seeing.
On the Crude Oil front, we punched through $67 a barrel.

United States

Investing.com Follow Ford (NYSE:F) is finally winning the backing of Wall Street for its turnaround plan after many years of missteps and failures. Ford (NYSE:F) is finally winning the backing of Wall Street for its turnaround plan after many years of missteps and failures. Well, his agenda was to push rising employment costs into the economy with the inflation the Fed created out of thin air. In addition, the massive monetary and fiscal policy stimulus supporting the US economy during the pandemic has also been working its magic.
US President Joe Biden’s Administration’s impressive US$1.9 trillion stimulus program is boosting growth not only in the US but virtually across the entire world. Ford stock, which closed Thursday at $14.88, has gained 70% this year, a period in which Tesla (NASDAQ:TSLA) stock plunged 11%. Trump was pushing the pork too, but much of that went to the already hefty pigs in corporate board rooms. Whether Trump’s gas price forecast comes true remains to be seen, but he has a point about so-called green energy.
Avenging the Tulsa Race Massacre With Hip Hop The “Fire in Little Africa” project hopes to resurrect Tulsa’s Black Wall Street legacy through the city’s homegrown hip hop scene. Today, Wall Street continues to use Zacks research including the Zacks Rank and Zacks Equity Research, which combines the best of quantitative and qualitative analysis. Former President Donald Trump weighed in on America’s current inflation and energy predicament in a recent interview with Newsmax.
Featured in Forbes, Barrons, The Wall Street Journal, Financial World, Wall Street Transcript, Global Investing, Welling on Wall Street, etc.
Unheard of in the days when all Wall Street could say was “Buy”. Today on CityLab: The Forgotten Women of Black Wall Street-Linda PoonEditor s Note: CityLab Daily will be taking the day off on Monday for the Memorial Day holiday. Donald Trump: And the lumber’s gone through the roof. Trump was so 2020, and that book is closed for now.