World stocks are fairly static as gold goes on a wild ride
European stocks stood their ground as US gridlock on a stimulus deal dented share prices there, and Turkey’s lira takes a pounding
12 August 2020 - 11:53
London — Europe’s stock markets held their own on Wednesday after doubts emerged about fresh US stimulus, while it was shaping up to be another wild day for gold and silver, as well as Turkey’s troubled lira.
A lively start to European trading saw sterling shrug at news that Britain had seen its worst economic quarter on record thanks to Covid-19. Gold swung almost 4% after its biggest fall in seven years and German bund yields hit two-week highs amid a deluge of global debt issuance...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.