As the US and China square up for an escalating trade dispute, gold should have benefitted as a safe-haven asset. This hasn’t really happened yet, but the price may be on the turn.
Spanish blue-chip shares have recovered from the slump since the start of the year but still lag in comparison to their performance 12 months ago. This is despite the current good health of the economy and a recent election victory for the moderate socialist party increasing the government’s political security.
Shares in the travel firm jumped 10.6% to 23.95p in trading on Tuesday.
Gold made a strong start to May this morning after a month in which its price appeared unsettled. A major agreement with China may be helping to support bullion prices.
The pound and share prices were resilient this morning despite continuing deadlock over the shape of Britain’s withdrawal from the European Union. Generally cheery markets in the City contrasted with gloom in the political capital, Westminster.
Oil prices were higher today in the wake of the US’s announcement that it wants Iranian crude exports reduce to zero. Washington said it will no longer exempt eight countries, including India and China, from sanctions if they trade with Iran.
The Hong Kong stock market is now the world’s third largest, overtaking the once-invincible Tokyo. A link with mainland Chinese exchanges has helped market capitalisation to soar during recent years.
Rio Tinto to invest $302 million in US copper project