Gold Rallies as U.S. Dollar Declines - Adviser Investments

Gold Rallies as U.S. Dollar Declines

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Thursday, November 1. Major U.S. stock indexes continued their rebound: The Dow Jones Industrial Average and S&P 500 both rose 1.1% and the NASDAQ advanced 1.8%. In addition to Wall Street gains, gold prices climbed around 1.5% as the U.S. dollar declined from a 16-month high. Meanwhile, despite exceeding quarterly sales and profit expectations, Apple lowered Q4 guidance and its stock fell more than 7% in after-hours trading. Starbucks rose nearly 9% after the company surpassed both revenue and earnings forecasts and reported a 4% gain in U.S. comparable-store sales.

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