Premarket: Stocks down, gold up after aborted Russian mutiny ignites safe-haven push


Source: theglobeandmail.com theglobeandmail.com

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Global shares fell, while gold rose after an aborted uprising by Russian mercenaries raised questions about the authority of President Vladimir Putin, leaving investors little option but to focus on the broader macroeconomic picture. The MSCI All-World index was last down 0.1 per cent, led by declines in Europe, where defence stocks weighed on the STOXX 600, which fell 0.3 per cent. Gold, often perceived as a safe-haven in times of geopolitical or market turmoil, rose 0.6 per cent to US$1,932 an ounce. Brent crude futures eased 0.3 per cent to US$73.69 a barrel, having earlier fetched as much as...