Digital News Report – Stock prices are lower in Asia and Australia Monday after steep declines on Friday. Economic uncertainty pushed gold up and oil lower.
The Shanghai index was declined 48.47 points (-1.92%) to 2,479.81, the Hang Seng Index declined 596.51 points (-2.95%) to 19,616.40 and the Nikkei 225 dropped 166.28 points (-1.86%) to 8,784.46. In Europe stock markets are opening lower again on Monday.
December gold futures on the New York Mercantile Exchange increased to $1876.9 on Friday. Since the settle, the price is up another $23.90 an ounce. December silver was also higher, climbing to $43.06 on Friday. Since the settle price silver is up another 12 cents.
Light Sweet crude oil for October delivery fell to $86.45. Since the settle in New York the energy commodity is down another $1.38. A slow economy could push the demand for West Texas Intermediate (WTI) and Brent crude even lower.
The Swiss franc has been declining, down against the dollar.
Here is the some dollar rates:
By Tim Edwards