The quote of gold It once again touched US$5,000 per ounce during today’s trading. The precious metal has not traded at that level since January 29. According to Bloomberg, the price of gold in the spot market reached US$5,076.7 per troy ounce at 2:50 p.m., experiencing a growth of 2.22%.
The advance of gold was associated, in part, with the uncertainty regarding the publication of economic information from the United States, which would allow us to foresee the next steps of the Federal Reserve (FED).
US gold futures for April delivery gained 2.2% to settle at US$5,087.10 per ounce, as reported by Reuters.
Shares rise on Wall Street and BVL
On the other hand, on Walls Street the S&P 500 and Nasdaq indices rose, correcting the losses recorded in the technology sector last week. The S&P500 index rose 0.66% and the Nasdaq 1.06%.
However, this rebound in the stock indices would not have calmed investors, but rather has made them more nervous, because there are many signs that continue to indicate risks and doubts about the sustainability of the recovery, according to analysts.
Among the reasons for doubts about the sustainability of the recovery is that it has been very rapid, especially after heavy losses in software and technology stocks, which raises doubts about the real strength of the market.
Likewise, macro and micro-economic uncertainties persist, for example, tensions in employment or spending data, which make some investors think that the decline may still continue.
Furthermore, although indices such as the Dow Jones surpassed important psychological levels, many technology stocks have performed weakly even in the rebound, raising concerns.
In Peru, the Lima Stock Exchange (LSE) advanced 2.8% in its general index (PE General). Among the highest-performing stocks, the titles of Buenaventura (BVN) stood out, which rose 5.57%, and Volcan with a jump of 8.75%.
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