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Updated 10:18 07/06/20

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Stocks, Bonds, Gold and Oil all fall

Duncan Richardson, News Editor
1 Aug 2014, 10:04 a.m.

The gold price fell 1% yesterday following a week of positive economic data out of the U.S. indicating the worlds largest economy has strengthen following a 2.9% contraction in GDP in Q1 of 2014.

The Dow Jones Industrial Average also suffered heavy losses yesterday dropping by 1.9% to 16,563.30. Stock markets across Europe also experienced heavy losses yesterday with the majority of indexes down over 1%. Investors are becoming concerned stock markets are overvalued following a five year bull market which has pushed many stock markets to near all-time highs

After a period of relative calm stock market volatility appears to be back. Crude oil and the U.S. 10 year Treasury also fell as markets reacted to weak company earnings and the looming end of the Federal Reserve’s stimulus program.

View original source at: www.dispatch.com

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