Business
Gold suffers worst day in seven years, as Wall Street tumbles despite Russia vaccine claims – ABC News
Gold and silver prices experience their biggest fall in years, while Wall Street made a sudden U-turn in the final hour, despite being initially boosted by Russia’s claims that it developed a COVID-19 vaccine.
Australian shares are expected to have a relatively flat start to the day, hovering around a two-month high
ASX futures were up 9 points by 7:15am AEST.
It comes after Wall Street, which was doing well for most of the session, made a sudden U-turn in the final trading hour.
US markets were initially boosted by news that Russia had claimed to develop a COVID-19 vaccine.
Then investors sold off major technology-related stocks like Facebook (-2.6pc), Amazon (-2.1pc) and Apple (-3pc). which drov…
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