Gold prices slip on mixed stocks worldwide as occupation steps up genocide in Gaza
Gold prices are sensitive to geopolitical and military crises, as are stocks worldwideALBAWABA – Gold prices slipped late on Monday, after having picked Gold prices fell late on Monday as stocks worldwide diverged due to the increasing genocide in Gaza. European stocks fell as the 10-year yield on Treasuries hit 5 percent for the first time since 2007. Europe's Stoxx 600 index dropped 0.4 percent and S&P 500 equity futures also dropped. Meanwhile, Frankfurt's DAX index rose 0.2 percent and the Paris CAC 40 edged up less than 0.1 percent. London's benchmark FTSE 100 also dropped by a fraction of a point, while Nasdaq and Dow Jones futures also fell. Spot gold fell 0.18 percent to $1,978.18 per ounce by 0316 Amman Time, having initially jumped to $981.53 in early sessions.
प्रकाशित : 2 साल पहले द्वारा Abdul Rahman Bazian में Business Finance
Gold prices are sensitive to geopolitical and military crises, as are stocks worldwide
ALBAWABA – Gold prices slipped late on Monday, after having picked up in early sessions, as stocks worldwide diverged in anticipation of the genocide in Gaza spiralling into a full-blown regional conflict.
European stocks fell as the 10-year yield on Treasuries hit 5 percent for the first time since 2007, Bloomberg reported.
Europe’s Stoxx 600 index sank 0.4 percent and S&P 500 equity futures edged lower, according to Bloomberg. Meanwhile, Frankfurt's DAX index rose 0.2 percent to 14,820.85 points and the Paris CAC 40 edged up less than 0.1 percent to 6,821.75, Agence France-Press (AFP) reported.
London's benchmark FTSE 100 index also slid 0.2 percent to 7,387.48 points, while across the pond, both Nasdaq and Dow Jones futures also fell, according to AFP.
Elsewhere, the MSCI Asia Pacific Index fell 0.8 percent and the MSCI Emerging Markets Index fell 0.7 percent, AFP reported.
Internationally, spot gold slipped 0.18 percent, or $3.62, to $1,978.18 per ounce by 0316 Amman Time, according to GoldPrice.org, having jumped to $1,981.53 in early sessions on Monday.
Likewise, December futures on the S&P/TSX index were down 0.4 percent, Reuters reported.
Typically, crises diverge capital from risk markets, such as equities and stocks worldwide, to safe havens, such as gold and precious metals.
A decline in both markets indicates a market that is shrouded in uncertainty.
• None New York - Dow: DOWN 0.9 percent at 33,127.28 (close)
• None Dollar/yen: UP at 149.98 yen from 149.84 yen on Friday
• None Euro/dollar: DOWN at $1.0594 from $1.0598
• None The Stoxx Europe 600 fell 0.5 percent as of 10:10 a.m. London time
• None Pound/dollar: DOWN at $1.2151 from $1.2164
• None Euro/pound: UP at 87.20 pence from 87.17 pence
विषय: Markets