“June sales were stronger than expected, it shows you the economy is turning around and it’s a bullish sign for these metals,” Thomas Capalbo, a broker with Newedge, said in the article.
Meanwhile, the First Trust NASDAQ Global Auto Index Fund (NasdaqGM: CARZ) rose 1.7% Tuesday on the better-than-expected car sales growth. CARZ is up 3.8% year-to-date.
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For more information on the metals, visit our precious metals category.
Max Chen contributed to this article.