Stocks, dollar slip on U.S. election worries - News Summed Up

Stocks, dollar slip on U.S. election worries


NEW YORK (Nov 2): Global equity prices and the dollar fell sharply on Tuesday as investors sought safe havens amid mounting uncertainty about next week's U.S. presidential election. U.S. Treasury prices ended higher, erasing earlier weakness, as falling stocks increased demand for bonds, while oil prices fell to one-month lows. A Clinton win is generally seen by analysts as likely to be a positive for the dollar. "The uncertainty over the election is certainly weighing on the dollar," said Stephen Casey, senior foreign exchange trader at Cambridge Global Payments in New York. Gold, silver and platinum rallied to one-month highs as falling stocks prompted investors to seek out precious metals as a haven from risk.


Source: The Edge Markets November 01, 2016 21:36 UTC



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