Asia stocks spooked by sudden slide in gold – Reuters
- Date: 09-Aug-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Asia stocks spooked by sudden slide in gold – Reuters
SYDNEY, Aug 9 (Reuters) - Asian shares wobbled on Monday amid sharp losses in gold and oil prices, while the dollar held near four-month highs after an upbeat U.S. jobs report lifted bond yields.
Sentiment was shaken by a sudden dive in gold as a break of $1,750 triggered stop loss sales taking it as low as $1,684 an ounce . It was last down 2.2% at $1,723.
Brent sank almost 2% on concerns the spread of the Delta variant would temper travel demand.
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