(Kitco News) – World stock markets were mostly lower to start the trading week. Traders and investors were disappointed that last week’s Jackson Hole, Wyoming central bankers meeting did not offer any new guidance on the monetary policies of the world’s major central banks. U. K. markets are closed Monday for a holiday. U. S. stock indexes are pointed toward weaker openings when the New York day session begins.
Gold prices are higher and have pushed above the key $1,300.00 level in overnight trading. A slumping U. S. dollar index is supporting the gold market bulls.
This post was published at Wall Street Examiner on August 28, 2017.