Barcelona Attacks Not Affecting Gold or MarketsPaul-Martin Foss
The terrorist attack in Barcelona may have shaken up Europe, but its effects on US markets appeared to be negligible. The Dow was down over 274 points, posting its biggest one-day loss in over three months. Domestic concerns seemed to be the primary cause for that, however, with disappointing business earnings numbers distressing investors. Further concerns over shakeups within the Trump Administration, particularly the possibility that National Economic Council director Gary Cohn could resign, had investors spooked.
Gold was up again, continuing its steady rise over the past couple of months, while silver was down just slightly. Friday might show whether markets will react more strongly to the attacks, particularly as European markets become better able to digest what happened.