Gold climbs on war worries, and stocks shake off early loss

  • 📰 latimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 82%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Gold touched its highest price in nearly seven years Monday as investors sought safety amid worries that rising U.S.

Stocks in Asia and Europe retreated as dollars flowed out of riskier investments, but the U.S. market shook off its morning losses to grind out a modest gain. After dropping 0.6% as soon as trading opened, the S&P 500 pushed steadily higher through the day and ended up recovering half its sharp loss from Friday.

Gold has historically performed well around past military conflicts, such as the two Persian Gulf wars and the Sept. 11, 2001, attacks, even after taking into account interest rates and the dollar’s movements, according to Goldman Sachs commodities analysts. Healthy gains for Amazon, Apple, Facebook and Google’s parent company, Alphabet, also helped lift the market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens MondayShort $BA
Source: CNBC - 🏆 12. / 72 Read more »