Global markets tumble as gold, oil, and stocks all retreat sharply
Financial markets saw a broad decline on Monday, with key indices, commodities, and currencies all losing ground. Gold and oil prices dropped, while the euro weakened against the dollar amid shifting investor sentiment. Stock markets opened lower, with the S&P 500 falling by 0.7 percent to around 7,355 points. The Nasdaq 100 also slipped, closing at roughly 28,820 points—a 0.6 percent decrease from the previous session.
Commodities faced sharper losses. Gold prices tumbled by 1.8 percent, with an ounce trading at $4,486. At the same time, North Sea Brent crude oil dropped by 0.6 percent, settling at $111.40 per barrel. In currency markets, the euro lost strength, exchanging at $1.1605, while a single dollar bought €0.8617. Government bond yields climbed, adding to the day’s volatility. The yield on 10-year U.S. Treasury bonds rose to 4.659 percent, reflecting shifting expectations among investors. Gold’s value in euros also adjusted, with an ounce translating to €124.27 per gram by the end of trading.
The day’s trading left major assets under pressure, with equities, oil, and gold all recording losses. The euro’s decline against the dollar and rising Treasury yields signalled a cautious mood in global markets. Investors will now watch for further developments in the coming sessions.
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