Gold Little Changed Regardless Of Exodus From Stocks

By | February 5, 2018

Gold futures were flat Monday even as the international rout in stock markets continued.

The Dow Jones Industrial Average plunged more than 300 points as financiers stayed skittish about the outlook for rates of interest.

Recent data has painted a rosy view of the U.S. economy, triggering Federal Reserve officials to anticipate three more rate walkings in 2018.

April gold down 80 cents, or less than 0.1%, to settle at $1,336.50/ oz.

In economic news today, the United States ISM services index struck its greatest level considering that mid-2005, an indication of further strength in the country’s economy.

Economic activity in the non-manufacturing sector grew in January for the 96th consecutive month, according to a study of purchasing supervisors.

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