The travel company sank in the markets after the loss of profits and the prospects of slowing revenue in the fourth quarter. Currency fluctuations, mainly in euros, cut revenue growth by about 11 percentage points during the third quarter, compared to a year earlier.
As for the rises of the day led by the miners, they happen in tune with the rise in gold. The wave rose more than 2% on Tuesday, fueled by falling dollar and bond yields, as well as technical buying.
Spot gold rose 2.2% to $1,712.20 an ounce, its highest level since Oct. 7. While US gold futures gained 2% to $1,714.60.
“It looks like there was a big risk-off move that pushed equities higher and sent the dollar lower on the day, which in turn sent precious metals higher,” said OANDA analyst Craig Erlam.
The dollar index fell 0.5% to a low in nearly two weeks, making bullion more attractive to holders of other currencies. The yield on US Treasury bonds also fell.
Source: Ambito
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