DISPATCH RESUMED: We aim to dispatch new orders within 1 – 2 weeks. Older orders will be dispatched as soon as possible - Click for our latest coronavirus update

Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Delivery

Ounce Gram
Gold £1330.27 £42.769
Silver £13.777 £0.4429

Updated 12:02 06/06/20

£ $

Gold closes 2% higher as world equities tumble

Victoria Hewitt-Marsh, News Editor
4 Feb 2014, 2:55 p.m.

Gold closed nearly 2% higher yesterday as world equities retreated after the release of disappointing manufacturing data out of the U.S. The Institute for Supply Management (ISM) factory activity report slipped from 56.5 to 51.3, its lowest level since May 2013.

The main U.S. stock market dropped by more than 2% and Japan’s Nikkei lost 4.2%, and at present all main European stock markets are in negative territory. Analysts expect the volatility in the equity markets to remain which in turn will be positive for gold in the short term.

View original source at: www.marketwatch.com

comments powered by Disqus