Indices continue higher, while USD holds, PMs drop

Nothing is changing in the markets, and US indices are up nearly every day, while the greenback was holding steady after yesterday’s bullish day.

Precious metals cant catch a bid, and they were dropping again today, with gold down more than 120 USD since Friday’s meltdown.

Elsewhere, the House of Representatives voted to impeach President Donald Trump on the single charge of incitement of insurrection for his role in last week’s rampage on Capitol Hill, making him the first US president to face two such trials.

Later in the day, US jobless claims are on the agenda, with the labor market deteriorating notably since November as more lockdowns were reintroduced in the US.

US yields fell notably on Tuesday, erasing some of the last week’s gains. If the decline continues, the greenback might start falling again, with the latest attempt to rise being only a dead cat bounce. 

Source: https://www.axiory.com/market-news/indices-continue-higher-while-usd-holds-pms-drop