Economics
Gold Gains With Treasuries Amid Rising Tension in Ukraine
This article is for subscribers only.
Gold rallied with Treasuries, while U.S. stocks declined after an early rally, as escalating tension in Ukraine overshadowed data showing payrolls rose the most in two years.
The Standard & Poor’s 500 Index dropped 0.1 percent at 4 p.m. in New York after the gauge briefly topped its closing record. Thirty-year bond yields fell to a 10-month low and gold rose the most in seven weeks. The Bloomberg Dollar Spot Index erased earlier advances to trade little changed against most major peers.