Gold falls as dollar pares losses; platinum sinks on stocks rout

Gold turned lower on Monday, as the dollar pared losses, and U.S. shares and other commodity markets staged a comeback while the white precious metals fell on concerns about the Chinese economy. World stock markets initially plunged after a near-9 percent dive in China shares, attracting safe haven buying to gold as crude oil futures fell sharply to 6-1/2-year lows and copper to a six-year low. Spot gold was down 0.7 percent at $1,152.45...

Dollar Plunges to 7-Month Low Versus Euro, Yen Amid Global Rout

The dollar slumped to a seven-month low against the euro and the yen as most traders concluded the Federal Reserve will refrain from raising interest rates next month amid a global stock-market rout. The greenback fell to the lowest since January as declining commodity and share prices deepened a plunge in emerging-market currencies that started after China’s shock devaluation of the yuan on Aug. 11. The dollar fell 2.4 percent to...

S&P 500 Index Falls Into Correction Amid Global Equities Rout

The Standard & Poor’s 500 Index fell into a correction for the first time since 2011 in one of the most volatile trading days ever, as a rout in global equity markets deepened. It was a day of wild swings as equities plunged at the open before staging a sharp rebound, with the Nasdaq 100 Index by midday nearly erasing a 9.8 percent drop. The Dow Jones Industrial Average dropped...

European stocks lose more than 500 bln euros in value after China rout

European stocks slumped on Monday following a rout in Chinese markets, wiping hundreds of billions of euros off leading shares and sending one benchmark index to a seven-month low. Trading screens flashed red across the region as stock markets in Frankfurt and Paris fell more than 5 percent, while Athens' bourse - already down sharply due to Greece's debt problems - slumped around 10 percent. The pan-European FTSEurofirst 300 was down...

U.S. Stocks Slide Amid Deepening Rout in Global Equity Markets

U.S. stocks fell, tracking a selloff in global equity markets, amid a deepening rout in all but the safest assets. The Standard & Poor’s 500 Index slid 4.8 percent to 1,876.16 at 9:34 a.m. in New York, with the benchmark hitting its lowest level since October. Calm in the U.S. market shattered last week, with volatility soaring by the most on record as the Dow entered a correction and investors dumped the biggest winners of 2015....