NEW YORK/LONDON: World shares rallied to their highest since February and the euro hit its strongest in 18 months on Tuesday after European Union leaders agreed on a landmark stimulus package to revive regional economies ravaged by the coronavirus.
The agreement after five days of haggling drove down the risk premium on European assets and pushed gold to its highest in almost nine years. Bullion got an extra boost from a weaker dollar and expectations of more U.S. stimulus from Washington.
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