Gold Is Turmoil's Beneficiary as Soros Reminded of Market Crisis

The dollar slumped the most in one month as upheaval in China’s stock and currency markets weighed on the outlook for higher interest rates in the U.S. The greenback reached its lowest level in almost a year versus the yen after a 7 percent rout in China’s equity markets curtailed trading for the second time in four days. China’s foreign-exchange reserves slid more than forecast in December, capping their first-ever annual decline, prompting...

Gold Is Turmoil's Beneficiary as Soros Reminded of Market Crisis

Gold is dusting off its credentials as the go-to commodity in troubled times and its producers are reaping the benefits. Futures rallied above $1,100 an ounce to a two-month high, after a sell-off in Chinese shares forced the country’s stock exchanges to shut for a second time this week, spurring demand for a haven. Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros said. Shares of bullion...

U.S. Equities Fall as China Turmoil Sparks Global Stocks Selloff

U.S. stocks extended their three-month lows, with the Dow Jones Industrial Average dropping more than 390 points to post its biggest two-day drop since August, amid a China-led rout that continued to engulf markets around the globe. The Standard & Poor’s 500 Index slid 2.4 percent to 1,943.09 at 4 p.m. in New York, falling to its lowest since Oct. 1 in the worst start to a year in data going back to 1928. Equity markets...

U.S. Stocks Join China-Fueled Equities Rout as Crude Declines

The worst start to a year in global stocks since 2000 extended to a fourth day, with the Dow Jones Industrial Average losing more than 200 points, as turmoil emanating from China spread around the world and billionaire George Soros warned that a larger crisis may be brewing. The Dow average headed for its third drop of more than 1 percent this week, and developing-nation markets tumbled 2.5 percent. Chinese shares fell 7 percent...

European Stocks Pummeled on China Woes as DAX Falls Below 10,000

European stocks fell for the third time in four days, mirroring declines that shook global equities in August, as they extended the worst start to a year since 2000 amid a China-fueled selloff in mining and energy shares. Europe’s equities have tumbled 5.3 percent in the first four days of the year, and companies with the most sales in the world’s second-biggest economy are bearing the brunt. Anglo American Plc and Glencore Plc slid...