Stabilization
Gold Holds at $3,950 After Strongest Jump in Two Months
Gold is trading around $3,950 per ounce after a 1.9% rise on Monday – the strongest jump in two months. Hopes for a breakthrough in U.S.-Iran negotiations have caused oil to plummet by more than 7%. In October, gold lost 6.8% and broke below $4,000.
Asian Markets Stabilize After Losses, Oil Prices Decline
Nikkei 225 rose by 0.4% to 63,559 points, Shanghai Composite by 1.2% to 3,640, CSI 300 by 1.3% to 4,035. Topix fell by 0.4% to 3,948. Investors were supported by strong reports and hopes for stimulus measures in China.