US and European stock markets rose, and gold hit a record high, driven by Fed rate cut expectations and UK's pro-growth budget.
US and European stock markets rose, with gold hitting a record high, as the Federal Reserve's rate cut expectations and the UK's pro-growth budget fueled optimism. In volatile trading, gold reached $2,150, while US indices, FTSE 100, CAC 40, DAX, and EURO STOXX 50 also saw gains. This comes ahead of Fed chief Jerome Powell's testimony for further signals on interest rates.
March 06, 2024
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