Gold climbed a second day amid a rebound for metal prices that helped ease a commodity rout even as oil remained depressed. Bonds extended gains.
The Bloomberg Commodity Index rose for a third day, recovering from a 16-month low on May 9. European stocks struggled for direction following the biggest drop in three weeks Thursday as investors assessed global earnings and the appetite of U.S. consumers to keep spending.
The Bloomberg Dollar Spot Index headed for its best week of the month as bets stack up on a Federal Reserve interest-rate increase next month.
Accelerating German economic growth failed to ignite stocks or upset bonds as investors signaled fatigue with an equity rally that pushed U.S. stocks near a record high.
Gold extended a rebound from a two-month low and industrial metals including copper, nickel and zinc advanced.
Reports Friday, forecast to show U.S. inflation and retail sales both increased last month, may back the case for the Fed to keep raising interest rates.
Source: Bloomberg Pro Terminal
Jr Trader Ivan Ivanov
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.