May 11, 2020

Gold dropped $17.00 and is trading at $1,694.70 as the US dollar jumped to a 2-week high today, putting downward pressure on metals. Stocks are mixed across the board with the Nasdaq up about 1%, the Dow down 0.3%, and the S&P trading virtually flat.  This week includes a lot of financial data which could be why stocks seem relatively calm as investors await regional Fed chairs’ analysis, CPI & PPI data, and retails sales.