Asian shares hit high grounds, gold rises

01.06.2021 - Petr Mazaylo
Asian shares hit high grounds, gold rises

Asian share markets recorded an upbeat performance, while gold placed near a five-month through on Tuesday. The series of gains came ahead of European and U.S. data, which will render hints about the current status of the global economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan reached its strongest level in a month, securing a total of 7% gain so far this year. South Korea’s main index came as the biggest advancer as it jumped 0.8%. Other markets including Japan, Australia, and Hong Kong eased from high grounds.

Gold prices tallied a 0.8% increase this month as global inflation concerns fuelled a rally. Currently, the yellow metal holds its place near a five-month peak seen last week.

While assets have maintained an upbeat performance last month, policymakers were still pressured by inflation at a time when the global economy struggles to sustain its momentum.

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