Global stocks struggle after Fed shift, Japanese markets shaken as Abe resigns

Stock markets struggled for direction on Friday as investors worried about a lack of detail in the U.S. Federal Reserve’s policy shift while Japanese markets were roiled as Prime Minister Shinzo Abe resigned for health reasons.

Gold prices bounced 1%, with the spot price at $1,949 an ounce. The precious metal tends to perform well when the dollar is weak and the U.S. central bank sends a dovish message on the future path of interest rates.

https://www.reuters.com/article/us-global-markets/global-stocks-struggle-after-fed-shift-japanese-markets-shaken-as-abe-resigns-idUSKBN25N39T