August 5, 2020

European stocks rise, gold hits record awaiting US stimulus talks

London (AFP) – European stock markets climbed solidly Wednesday after a mixed Asian showing, with traders tracking talks on a key US stimulus package that fuelled another record-high finish on Wall Street. At the same time, long-running uncertainty about the global economic outlook caused by the coronavirus pandemic and a weak dollar helped gold to a fresh high at $2,041.92 an ounce after the haven investment on Tuesday hit above $2,000 for the first time.”Stocks are back in rally mode…, maintaining the bullish outlook for August,” noted Chris Beauchamp, chief market analyst at IG trading gr…


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