News Formal

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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 11. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

5 things to know before the stock market opens MondayShort $BA
Källa: CNBC - 🏆 12. / 72 Läs mer »