Core government bond prices and gold escalated as global economic data aggravated concerns regarding growth and inflation. Chinese figures ignited most of the day’s woes after imports data gained only 0.1% last month.
The yield on the two-year US government bond slid 6 basis points at 0.56%, while the 10-year Treasury yield dropped 7 basis points at 1.98%. Also, gold hit its highest in over three months, ending at $1,187 an ounce. Copper gained 0.5% to $5,300 a tonne.
The material has been provided by InstaForex Company – www.instaforex.com