Week in Review: Friday, September 11, 2015 - Gainesville Coins News
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Week in Review: Friday, September 11, 2015

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Week in Review: Friday, September 11, 2015

On the somber 14th anniversary of the horrific terrorist attacks of September 11th, 2001, here's your weekly recap of the financial markets:

  • Brazil has its credit rating downgraded to junk status by Standard & Poor's, though Fitch and Moody's leave the country at the lowest investment grade.
  • The Bank of England decides to leave its benchmark interest rate unchanged in September.
  • Hedge funds are playing an increasingly central role in the nearly $13-billion Treasurys market.
  • Sam's Club (owned by Wal-Mart) will begin accepting American Express after Costco ended its long-standing partnership with AmEx earlier this year.
  • The Reserve Bank of New Zealand cuts its benchmark interest rate by 25 basis points to 2.75%, with more cuts expected before the year ends.

Thursday's closing numbers:

  • Gold: $1,111.30/oz (+$4.50, +0.41%)
  • Silver: $14.74/oz (+3ยข, +0.17%)
  • Platinum: $983/oz (-$2, -0.2%)
  • Palladium: $591/oz (+$9, +1.56%)
  • 10-year Treasury: 2.22% (+ 2 bp)
  • Dow Jones: 16,330.4 (+0.47%)
  • S&P 500: 1,952.3 (+0.53%)
  • Nasdaq: 4,796.25 (+0.84%)
  • European shares were down ~1.5%
  • Asian shares lost ~2.5%
  • The USD fell 0.5% to 95.5 on the DXY index

About the Author

Everett Millman

Everett Millman

Analyst, Commodities and Finance
Managing Editor

Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system.

In addition to blogging, Everett's work has been featured in CoinWeek, Advisor Perspectives, Wealth Management, Activist Post, and has been referenced by the Washington Post.

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