Email Facebook Twitter

Exclusive: Hardman & Co call the lithium market: is a change in trend happening?
Tower Resources identify 18 million barrels of contingent reserves worth $118M in Cameroon

Alliance News

Gold Prices Rise As Risk Appetite Wanes

Thu, 11th Oct 2018 12:44

WASHINGTON (Alliance News) - Gold prices rose on Thursday as global growth concerns triggered a heavy sell-off in global equity markets.

Spot gold rose 1.2% to USD1,203.11 an ounce while US gold futures added 1.1% at USD1,206.60 an ounce.

US stocks tumbled the most in eight months on Wednesday as investors fretted about the impact of the US-China trade war and rising interest rates.

The S&P 500 lost 3.3% and the Dow retreated 3.2% to log their biggest single-day losses since Feb. 8, while the tech-heavy Nasdaq slumped 4.1% to post its steepest loss since June 24, 2016.

Asian markets followed Wall Street lower and European stocks fell again, adding to losses in the previous session, as investors pondered the effect of trade tensions and higher interest rates on global economic growth.

US stock futures point to another day of heavy losses on Wall Street ahead of inflation data due later in the day.

Copyright RTT News/dpa-AFX

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.