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. Last Updated: 07/27/2016

Dollar Falls, Gold Rises In Response

NEW YORK -- Investors fearing more violence unloaded stocks and the dollar on Thursday and fled to the relative safety of gold and government debt after another round of deadly bombings in Turkey.

Shortly before Wall Street opened, a scare at the White House added more pressure to markets. Staff, tourists and reporters were temporarily evacuated after reports of a plane entering the airspace near the U.S. executive mansion. But it turned out to be a "blip" on a radar screen, and people were allowed back in.

The dollar fell sharply, pressured by the explosions in Istanbul, but managed to tread water above record lows against the euro and three-year lows against the yen reached a day earlier. In late-morning U.S. trading, the euro was up 0.3 percent to $1.1912. The dollar was down 0.4 percent at 108.85 yen.

U.S. Treasury prices briefly spiked higher after news of the White House evacuation. The gains were tempered when the emergency turned out to be a false alarm, but the incident left the market in a jittery mood.

Bonds had already risen after the bomb blasts in Istanbul prompted a flight to safety and away from equities.

Airline, hotel and tourism groups dragged European shares lower after the bombings in Turkey, a country popular with vacationers.

The FTSE Eurotop 300 index was down 0.2 percent at 913.99 in a broad-based sell-off.

Two of the world's largest financial conglomerates, Citigroup and Credit Suisse, temporarily shut their Istanbul offices as a security measure following bomb blasts on Thursday.