Print Edition - 2018-04-08 | Money Digest
Gold prices rise as dollar, equities fall
-, NEW YORK/LONDON
Apr 8, 2018-
Gold prices rose on Friday, as Wall Street stocks tumbled and the dollar fell as rhetoric from US President Donald Trump and Chinese officials fed worries about a possible trade war, and after US jobs data came in weaker than expected. US stocks fell, with the Dow down more than 450 points, after Trump on Thursday threatened to slap $100 billion more in tariffs on Chinese imports, and Beijing pledged a “fierce counter strike”. Falling stock prices dragged the dollar against the yen and the euro. Also pressuring the US currency was data showing the US economy in March created the fewest jobs in six months, which might prompt the Federal Reserve to go more
slowly on plans to raise interest rates.
Published: 08-04-2018 14:07