Global stocks subdued, while gold soars to record high
European markets nurse the sting of their first weekly drop in four as the euro enjoys its fastest gains since early 2016
27 July 2020 - 12:01
London — Gold soared to a record high on worsening ties between China and the US, a weakening dollar and ultra-low interest rates on Monday, while stock markets looked uncertain before a corporate earnings deluge.
Europe’s equity markets saw a subdued start, perhaps still hurting after their first weekly drop in four and as the euro’s fastest gains since early 2016 took it through $1.17, but it was the precious metals surge that dominated...
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