Gold prices were supported by lower-than-expected inflation in the US, UK, New Zealand and Australia, which could result in central banks pausing their interest-rate increase plans. However, after the narrative of a “peak rate” pushed US yields lower, rising yields allowed a US dollar index recovery
China stocks rally tested after stimulus-led gains: Markets wrap
Asian shares rose for the fifth consecutive day, driven by Beijing’s support measures. US stocks also hit new highs amid expectations of further rate cuts.
September 25, 2024