WASHINGTON (dpa-AFX) - Gold futures surged Monday thanks to safe haven demand as U.S. stocks were hammered.
June gold settled up $18.50, or 1.4%, at $1345.80/ounce.
The DJIA plunged 700 points and the Nasdaq neared correction territory after some critical tweets toward Amazon by Donald Trump.
A report released by the Commerce Department on Monday showed a much smaller than expected increase in U.S. construction spending in the month of February.
The Commerce Department said construction spending inched up by 0.1 percent to an annual rate of $1.273 trillion in February after coming in nearly unchanged at $1.272 trillion in January. Economists had expected spending to climb by 0.6 percent.
Copyright RTT News/dpa-AFX