Gold, oil soar, shares slip as U.S. and Iran trade threats.
SYDNEY - A gauge of Asian shares was toppled from an 18-month top on Monday as heightened Middle East tensions sent investors scurrying for the safety of gold, which hit a near seven-year high while oil jumped to four-month peaks.
Spot gold XAU=surged 1.5% to $1,579.55 per ounce in jittery trade and reached its highest since April 2013.Brent crude LCOc1 futures rose $1.46 to $70.06 a barrel, while U.S. crude CLc1 climbed $1.17 to $64.22. Chinese shares opened in the red too, with the blue-chip CSI300 index .CSI300 off a shade while Australian shares were off 0.4%.
In currency markets, the Japanese yen remained the favoured safe harbour courtesy of Japan’s massive holdings of foreign assets. Investors assume Japanese funds would repatriate their money during a true global crisis, pushing the yen higher.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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