Friday, 14 April 2017

Stock markets fall but gold rises

Markets fell on Thursday.

The S&P 500 fell 0.7 percent, the STOXX Europe 600 fell 0.4 percent and the Nikkei 225 fell 0.7 percent.

Stock markets fell as fear appears to be creeping back into markets, with the Credit Suisse Fear Barometer, which measures the cost of buying protection against declines in the S&P 500 Index, nearing an all-time high this week.

However, gold rose 0.8 percent on Thursday and the US dollar fell after US President Donald Trump said the currency “is getting too strong”.

Brien Lundin, editor of Gold Newsletter, said that gold “seems likely to build upon its gains in the weeks ahead”.

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