Business
Global Markets, U.S. Futures Gain as Precious Metals Rebound
U.S. futures extended Monday’s gains as global markets steadied after days of volatile trading. Sharp selling in precious metals and fears over mounting Middle East tensions caused falls across markets on early Monday, though rebounding gold and silver prices and the promise of U.S.-Iran negotiations eased investor concerns later.
An unexpected jump in U.S. factory activity in January boosted investor confidence in the foundations of the economy, while sentiment was further boosted by the U.S.-India trade deal. Equities rose across the globe, though the dollar slid after rallying in previous sessions on President Trump’s nomination of Kevin Warsh to chair the Federal Reserve. Market participants are split on whether the former Fed governor will favor more restrictive monetary policy.
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