New York Wrap: Europe sinks, Wall Street holds flat
European equities led the Oct 20 selloff β DAX, FTSE and IBEX each off more than 1.3% β while the S&P 500 closed flat and gold slipped 1.06%.
European equities led the Oct 20 selloff β DAX, FTSE and IBEX each off more than 1.3% β while the S&P 500 closed flat and gold slipped 1.06%.
European bourses led a broad risk-off close as the DAX fell 1.45% and the FTSE 1.43%, while gold slipped 1.06% and Cardano paced crypto losses.
Silver led a broad metals selloff, sinking 5.7% as platinum and palladium slid; the dollar firmed and the Nasdaq 100 fell 2% into the London close.
Precious metals sold off across the board β platinum, palladium, silver and gold all lower β while US and European equities closed firmly higher.
Crude cracked nearly 4% into the New York close while gold, silver and palladium firmed and the dollar edged higher across the majors.
Gold rose 1.3% and silver firmed as crude sank over 4% and Europe's bourses slipped, with the IBEX off 1.21% and crypto leading the losers.
US Core PCE lands at 12:30 UTC as the Fed's preferred inflation gauge; crypto pairs like LINK and Stellar slide while gold firms on our feed.
Gold leads at $4,180.99, up 1.3%, as U.S. crude sinks 4% and the dollar firms against the majors. Bitcoin holds $83,375 while the alt tail slides.
Gold fell 3.43% and silver 4.84% into the New York close as crypto bled, led by GRT's 15% drop, while the dollar firmed and US equities slipped.
Altcoins led a risk-off session: GRT fell 15% and UNI 9%, while gold slid 3.4% and silver 4.8%. The dollar firmed and Wall Street drifted lower.
Crypto opens broadly lower as GRT sinks 15% and UNI 9%; gold sheds 3.4% and silver 4.8% while a firmer dollar lifts USD/MXN.
The Graph's GRT jumped 22.99% to lead the New York close, while gold, silver and palladium slipped and US equities drifted lower.