10:00 am : The dollar's role as a safe haven from economic uncertainty has sent it 1.2% higher this session. That's its best percentage move in two months and enough to put the greenback at a one week high.
An interest in the safety of gold has trumped concerns about implications of a stronger dollar on precious metals prices. Futures contracts for gold currently price the yellow metal at $1202.50 per ounce, up 0.5%.
Despite the relative strength of gold prices, market participants are dumping shares of diversified metals and miners, which are currently down more than 4%, collectively. That has undermined the materials sector, which has plummeted to a 2.4% loss.
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