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World Stock Markets Weaker; Middle East Tensions See Slight Uptick

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(Kitco News) – World stock markets were mostly lower Monday, on corrective pullbacks from recent gains that have put many stock indexes at or near record or multi-year highs. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.

Gold prices are modestly higher to start the trading week. There are some new geopolitical tensions in the Middle East that are prompting just a bit of risk aversion that is supporting the safe-haven metal. Saudi Arabia and a few other Middle East nations have cut ties with Qatar after accusing that small country of promoting terrorism.

Another terror attack that killed seven people in London over the weekend had little impact on the world markets. Unfortunately, these acts have become a fact of life in recent years and markets tend to quickly look past them.

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