Gold exceeds $ 1,800 .. and strong gains for European shares

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European stocks recorded the best quarterly performance since March 2015

Source: Arabic.net

Spot prices for the precious metal rose, pushing futures to $ 1,800 an ounce for the first time since 2011.

The European stock market closed slightly higher on Tuesday, but recorded the best quarterly performance since March 2015 as investors bet on the end of the worst economic repercussions of the Corona virus crisis.

After staying in negative territory for most of the session, the European Stoxx 600 index recovered to close 0.1% higher, supported by gains in the technology, mining and real estate sectors.

A jump on Wall Street helped lift sentiment as investors focused on signs of an economic recovery despite a few US states registering a record jump in new casualties at Covid-19.

In Europe, the picture was mixed with the rise of the German index of shares by 0.6%, while the main index of British shares fell 0.9% due to data that showed that the British economy recorded the largest contraction since 1979 in the first quarter of 2020 with families reducing spending.

The Stoxx 600 index ends the second quarter of the year on gains of 12.6%, its best quarterly performance since March 2015, but it is still 13.6% below its level at the beginning of the year.



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