Market News
Gold and oil surge on Ukraine war fears as poor data pummels the euro - REUTERS
By Naomi Rovnick and Tom Westbrook
- Euro hits two-year low on poor data, higher gas prices
- Gold headed for largest weekly gain in over a year
- Bitcoin on verge of $100,000 for first time
- Global stocks gain, led by tech
LONDON/SINGAPORE, Nov 22 (Reuters) - Gold, oil, and haven assets from the Swiss franc to German government debt headed for strong weekly gains on Friday after the Russia-Ukraine conflict escalated, while European gas price rises and poor economic data heaped pressure on the euro.
In a week when Russia lowered its threshold for using nuclear weapons and fired a hypersonic intermediate-range ballistic missile at Ukraine, gold was set for its best week in a year.
