U.S. gold futures rose more than 1% to hit a high of $1,505.00 an ounce. MSCI's gauge of stocks across the globe, while its emerging market index lost 0.24%.On Wall Street, the Dow Jones Industrial Average fell 36.08 points, or 0.13%, to 28,515.45. The S&P 500 lost 0.63 points, or 0.02%, to 3,223.38 and the Nasdaq Composite added 7.24 points, or 0.08%, to 8,952.88.(A Christmas tree is seen on Wall St. outside the New York Stock Exchange (NYSE) in New York)
NEW YORK: Gold surged past $1,500 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 U.S.-Sino Phase 1 trade deal and as China's latest policy easing pledge added to investor optimism.
President Donald Trump said he and Chinese President Xi Jinping will sign the initial phase of the pending trade pact in a ceremony, the latest remarks by the U.S. leader to flag the deal is close to being finalised.
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