Reuters

Gold prices fell on Tuesday as U.S. stock markets stabilized, Easing fears of a deeper selloff, and the dollar strengthened, Making bullion more expensive for users of other currencies.

John Williams, the genial president of the Federal Reserve Bank of San Francisco and a top monetary economist, was promoted on Tuesday to head the New York Fed in a politically explosive decision that has been criticized for ignoring more diverse candidates.

Oil steadied on Tuesday, after the price posted its biggest one-day fall in almost a year the previous day, although higher Russian output and Saudi Arabia possibly cutting its selling prices acted as a drag.

European stocks tumbled on Tuesday as investors entered the second quarter in a febrile atmosphere of trade tensions and mounting pressure on big technology companies.

Australia’s central bank left interest rates at record lows on Tuesday, the longest stretch without a change in almost three decades, and looked set to extend this period of “masterful inaction” for some time yet.

Asian shares slipped on Tuesday amid escalating trade tensions and worries over the fading outlook for global tech giants, but investors held their nerves to focus instead on prospects for stronger world growth.

Trading firms are negotiating buying, selling and lending digital currencies like bitcoin and ether over Skype, catering to big investors looking to avoid rocking already volatile online exchanges.

The dollar fell on Monday, dropping versus the yen for a third straight session, as China imposed extra tariffs on U.S. products, escalating a dispute between two of the world’s biggest economies.

The Canadian dollar slipped to an 11-day low against its U.S. counterpart on Monday as escalation of a trade dispute between the world’s biggest economies weighed on global stock markets and oil prices.

The Trump administration this week will unveil a list of advanced technology Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economies.