U.S. futures slipped and precious metals tumbled Monday as traders weighed Friday’s strong employment data that fueled expectations the Federal Reserve will move closer to pulling back stimulus. Asian stocks were mixed.
Gold slumped to the lowest since March as the prospect of higher rates makes bullion less attractive relative to other assets. Silver dropped to its lowest since November. Crude oil extended last week’s decline -- its worst since October -- on concern the delta virus strain will hamper demand growth. Commodity currencies like the Australian dollar underperformed.
Stock Market Today: Dow, S&P Live Updates for Aug 9 - Bloomberg
Read More
No comments:
Post a Comment