Stocks hover near record highs, gold breaches US$1,500 | Malay Mail

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NEW YORK, Dec 25 — Gold surged past US$1,500 (RM6,209) an ounce and a gauge of global equity markets hovered near record highs on Tuesday in a year-end rally spurred by hopes of a US-Sino Phase 1 trade deal and as China's latest policy easing pledge added to investor optimism. President Donald...

Gold passing US$1,500 is seen as big news in a quiet Christmas Eve session, suggesting investors may be hedging against a possible inflation hike next year. — Reuters pic

European stocks ground out fresh record gains as did the Nasdaq on Wall Street as equities remained on track to post their best year in a decade. Blue-chip shares in China rose 0.7 per cent after Premier Li Keqiang said the government was considering more measures to lower corporate financing costs and hinted at “targeted” cuts in banks' reserve requirement ratio.

 

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