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  • Sep 04, 2024

Gold Continues Fall as Traders Take Stock After Market Slump

(Bloomberg) -- Gold edged lower for a fourth day as investors took stock following a broad sell-off that rattled equity and commodity markets, with the weakness stoked by concerns about economic growth.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatBullion was down 0.3% after posting a similar decline in the previous session as a gauge of the US dollar — a go-to asset at a time of market stress — rose for a fifth

  • Sep 04, 2024

Stocks hammered by renewed growth concerns, Nvidia's selloff

SINGAPORE (Reuters) -Asian shares and global stock futures tumbled on Wednesday, led by a heavy decline in technology names and as worries about the global growth outlook drove investors out of risky assets, while oil prices hit multi-month lows. Stock benchmarks in Tokyo and Taipei led the slump in Asia, each falling more than 3%, while MSCI's broadest index of Asia-Pacific shares outside Japan was last 1.8% lower. "Volatility obviously is picking up," said Jason Teh, chief investment officer at Vertium Asset Management.

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