Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.
Gold prices started the new year by hitting $1,900 per ounce and closed the week at $1,889.10 per ounce.
The markets saw some selling pressure last week as traders looked to lighten their exposure over the long holiday weekend. That combined with the doubt surrounding the passage of a COVID relief bill resulted in mixed equity markets last week: The S&P 500 fell 0.17%, the Dow Jones Industrial Average gained 0.07%, the NASDAQ Composite gained 0.38%, and the Russell 2000 led performance with a 1.72% gain. The 10-year Treasury bond yield fell 2 basis points to 0.93%, as Treasury bonds rose slightly for the week. Spot gold closed at $1,883.43, up 0.11%.
U.S. equity markets posted gains in two of the three indexes last week. The NASDAQ Composite gained 0.38%, the Dow Jones Industrial Average gained 0.07%, and the S&P 500 lost 0.17%.
Last week, the gold spot price was up 0.11% and the U.S. Dollar Index was up 0.34%.
Over the years I have written about “Plan B Investing” and “Just-In-Case Investing.” Both of these are similar but different.