Gold Jumps Most in a Week on Renewed Demand for Inflation Hedge

Gold futures rose the most in a week after the dollar’s drop and crude oil’s rally boosted the appeal of the metal as a store of value. The greenback is extending losses after an April decline snapped a nine-month rally against a basket of 10 currencies, while oil has jumped more than 40 percent from its 2015 low. Gold has historically been held as an alternative to the dollar and as a hedge against rising consumer costs. Gold futures...

Gold Rises as Dollar Drop, Oil Rally Boosts Demand for Hedge

Gold futures rose after the dollar’s drop and crude oil’s rally boosted the appeal of the metal as a store of value. The greenback fell as much as 0.6 percent against a basket of 10 currencies. Oil in New York topped $60 a barrel, and gasoline futures rose. Gold jumped as much as 1.1 percent before paring gains. The metal has climbed 4.3 percent from this year’s low of $1,141.60 an ounce on March 17. The dollar fell 2.9 percent in April,...

U.S. Stocks Drop for Second Day as Bond Rout Spreads to Equities

U.S. stocks fell for a second day, joining a retreat in global shares after a rout in fixed-income markets spread to equities. The Standard & Poor’s 500 Index fell 0.3 percent to 2,099.08 at 4 p.m. in New York. The gauge all but erased a 0.9 percent slide as the 10-year Treasury note yield retreated from the highest level since November. The benchmark index ended Friday two points shy of a record before declining to start this week. The ...

U.S. Stocks Decline for Second Day Amid Selloff in Global Bonds

U.S. stocks declined, amid a second day of losses for the Standard & Poor’s 500 Index, as equities followed a global bond selloff. Intel Corp. lost 1.5 percent as semiconductors led technology shares lower. Morgan Stanley and American Express Co. declined more than 1 percent as financial companies fell. Chesapeake Energy Corp. and Transocean Ltd. paced an advance in energy amid oil’s rebound. Verizon Communications Inc. slipped...

European Stocks Slide With German Equities as Bonds Deepen Rout

A slump in German shares pushed European stocks lower for the first time in four days amid a selloff in euro-area government bonds. The Stoxx Europe 600 Index dropped 1.3 percent to 396.09 at the close of trading, having earlier lost as much as 2.1 percent. All 19 industry groups declined. Yields surged on 10-year notes in Germany, Italy and Spain, while the euro strengthened. The Stoxx 600 has retreated 4.3 percent after a 21 percent...