Gold Futures Slip 0.1% to $4,138.90 an Ounce
Gold futures fell 0.1% to $4,138.90 a troy ounce in early European trading. Investors are awaiting next week’s Federal Reserve meeting.
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Gold futures fell 0.1% to $4,138.90 a troy ounce in early European trading. Investors are awaiting next week’s Federal Reserve meeting.
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.
The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.