Tag
CHIEF GLOBAL MARKET STRATEGIST
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4% higher to a fresh two-week peak.
The precious metal retreated immensely from the two-week high that it finished with some days ago.
Crude oil prices held to gains after U.S. President, Trump resumed the White House from the hospital.
At the time this report was drafted gold was trading below the $1,900 price levels.
The S&P 500 rose 8.5% for the third quarter, although it fell 3.9% in September.
Gold futures were up 0.22% at $1,886.50/ounce
Both crude oil benchmarks remained above the $40-mark.
Brent crude prices in the last few weeks, keep ranging between the $44-$46 ranges.
Gold was mostly on the defensive in the Asian session and most of the European trading.
Brent crude is the leading global benchmark for Atlantic basin crude oils.
The pan-European STOXX 50 was down 0.85% and London’s FTSE 100 dropped 1.17% at 11.02 am GMT.
Gold traders may prefer to let this week's dust settle and see where real yields pivot next week.