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World Stock Markets Lifted Following Japanese Elections

World stock markets were mostly higher overnight. U.S. stock indexes are also pointed toward firmer openings and new record highs when the New York day session begins.

Gold prices are lower in pre-U.S.-session trading, amid the better risk appetite seen in the marketplace in recent sessions. A firmer U.S. dollar indexx to start the trading week is also bearish for the gold and silver markets.

In overnight news, the Japanese yen saw pressure against the U.S. dollar after Japanese elections showed Prime Minister Abe and his coalition government with a lop-sided victory in snap elections.

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First published here: World Stock Markets Lifted Following Japanese Elections

Market Report: Counter-trend decline

Snippet: 
After the previous two-week rally, it was perhaps natural for precious metals to consolidate this week. Gold, which closed on a high note last Friday, lost $23 to $1281 by early European trade this morning (Friday), and silver 34 cents to $17.08. Trade on Comex was subdued, and the reason behind the pause appears to be a continuing rally in the dollar.

Gold and silver prices in USD

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First published here: Market Report: Counter-trend decline