MarketWatch
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Gold just had its worst selloff since March. A floor may be $4,000, says one veteran strategist
Gold’s slump has followed Friday’s better-than-expected May U.S. employment report.
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Gold’s slump has followed Friday’s better-than-expected May U.S. employment report.
Investors are cooling on momentum stocks and considering the implications of a strong jobs report.
The largest part of the economy grew faster in May even as businesses had to cope with the worst inflation in several years, but it came at a cost to jobseekers. Many companies have adopted temporary hiring freezes to offset their own rising costs.
The space-tourism company made a move to pay off some debt, but investors aren’t happy that it will issue new shares to do so.