Source: PRECIOUS-Gold climbs to over 7-year high on coronavirus-led economic worries – Reuters
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Gold climbs to over 7-year high on coronavirus-led economic worries
With the US market closed for Memorial Day holiday, the focus was on Europe. Yet, sentiment in the Eurozone was downbeat, driven by heightened uncertainties in peripheral countries, in particular Greece and Spain. Stoxx 600 ended the day -0.29% lower. Bourses in Italy and Greece were down -2.1% and -3.1% respectively.
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Peripheral Eurozone Dampened Sentiment