Treasuries Advance With Gold as Dollar Slips on Weak Wage Data
This article is for subscribers only.
Treasuries rose, gold erased a loss and the dollar slipped on speculation that slow U.S. wage growth will temper Federal Reserve plans for higher interest rates. U.S. stocks fell on corporate earnings and oil tumbled.
Yields on 10-year Treasuries fell to a three-week low at 4 p.m. in New York. Gold jumped after an earlier decline of as much as 0.9 percent. The Bloomberg Dollar Spot Index lost 0.2 percent, paring an earlier drop of 1 percent. The Standard & Poor’s 500 Index fell 0.2 percent as Exxon Mobil Corp. and Chevron Corp. tumbled. Oil fell to the lowest since March as commodities capped the biggest monthly drop in four years.