In Today's Update:
1) U.S. Equities closed slightly higher on Tuesday after a strong quarterly earnings report from Walmart (WMT) and the prospect of a key deadline in the trade negotiations with China being pushed back while talks continue. The Dow Jones Industrial Average gained 8.07 or 0.03%, the S&P 500 added 4.16 or 0.15% while the Nasdaq 100 closed higher by 14.36 or 0.19% and the Russell 2000 finished higher by 5.22 or 0.33%.
2) Crude Oil Futures posted another gain closing higher by $0.46 or 0.83% while Gold Futures surged to a 10-month high adding $22.20 or 1.68% on weakness in the U.S. dollar and growing concerns over slowing global economic growth. The Bond market traded higher and the yield on the 10-year treasury note settled at 2.638%.
3) It was a very quiet, low-range, low-volume day on Wall Street unless you were trading Gold. The precious metal appears to be back in favor and is once again being looked at as a safe-haven investment. In today's video, we will take a closer look at the daily, weekly, and monthly charts of Gold Futures.