Gold Soars, Stocks Mixed, Oil Flat As Qaddafi Flees

Global markets are mixed as the world digests the Libya news.

Japan closed down 1%, Europe is up 1.5%. U.S. futures are up modestly. Oil’s flat after an initial drop on Qaddafi (the theory is that Libya’s full oil production will soon come back online, increasing global supply).

Gold is up 2% to above $1,880; a new record.

Here’s a snapshot from Bloomberg as of 5:39AM ET. Links for latest below.

Markets Aug 22

Latest market info >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

markets moneygame-us