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Global Markets

Global Market

World Stock Markets Up As U.S.-North Korea Tensions Perceived As Easing A Bit

Global stock markets were mostly higher Monday, on some easing of fears the U.S. and North Korea are headed toward military conflict soon. The U.S. secretary of defense and secretary of state, as well as other Trump administration officials, on Sunday said they are trying to achieve denuclearization of North Korea through diplomacy. Also, China on Monday said it has banned key North Korean imports.

Gold prices are weaker on some profit-taking from shorter-term futures traders and on a corrective pullback from recent gains. A slightly less risk-averse marketplace on Monday is also a negative for safe-haven gold.

In other overnight news, the Euro zone reported its industrial output was down 0.6% in June from May, and up 2.6%, year-on-year.

Global Markets

Sharper Anxiety Continues To Pressure Global Markets

(Kitco News) – World stock markets were mostly lower again overnight, amid the heightened trader and investor anxiety in the marketplace. The U.S.-North Korea tensions have not receded and escalated a bit Thursday as U.S. President Trump again warned North Korea that any military action by that regime against a U.S. friend would prompt a massive response from the U.S.

Gold prices are modestly higher and hit a two-month high overnight, on continued safe-haven demand