Dollar is growing and gold is falling: Market News

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Dollar is growing and gold is falling: Market News

August 30, 2018 - 12:30
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According to Bloomberg, US equity futures and European shares followed in their decline after Asian stocks, as trade and geopolitical issues suppress mood on the markets. Dollar is growing and gold is falling.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, US equity futures and European shares followed in their decline after Asian stocks, as trade and geopolitical issues suppress mood on the markets.

Dollar is growing and gold is falling. Bloomberg Dollar Spot Index gained 0,2%. Price of gold declined by 0,3% to $1202,57 per ounce.

Mining sector was the only sector of Stoxx Europe 600 Index that is showing growth today. Index lost 0,6%. German DAX dropped 1%, while British FTSE fell by 0,8%. Euro declined by 0,2% to $1,1679. British pound fell by 0,2% to $1,2992.

S&P 500 lost 0,2% and will open lower after it closed at record level above 2900 first time yesterday.

US Treasuries and most European bonds rose. US Treasuries yield fell to 2,87%, yield of 10-year German bonds dropped to 0,39%, while British bonds yield is 1,489%.

Oil futures are growing after unexpectedly significant reduction in US inventories. WTI oil gained 0,2% and traded for $69,63 per barrel.