Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.
Gold prices resumed their upward trend last week, breaking above the 50-day moving average.
The major stock market indexes finished mostly lower last week. The Dow Jones Industrial Average lost 0.6%, the S&P 500 Index fell 1.0%, and the NASDAQ Composite declined 0.7%. In contrast, the Russell 2000 small-capitalization index advanced 1.0%. The 10-year Treasury bond yield fell 7 basis points, and bond prices were up slightly. Last week, spot gold closed at $1,862.73, up $23.87 per ounce, or 1.3%.
I wrote an article before Thanksgiving that, in part, praised the efforts of frontline medical workers, first responders, teachers, and others for their efforts during the 2020 pandemic. We all remain thankful for their outstanding efforts this year.
Additionally, our thoughts go out to all who have had medical, employment, or financial issues during this crisis, especially as we come up to the holiday season.
U.S. equity markets posted losses in all three indexes last week. The Dow Jones Industrial Average lost 0.57%, the NASDAQ Composite lost 0.69%, and the S&P 500 lost 0.96%.
Last week, the gold spot price was up 0.05% and the U.S. Dollar Index was up 0.30%.