Gold Climbs To Record As West Asia Tensions Spark Haven Demand | World Business Watch | WION
Wall Street stocks reversed from a new record high, and the world’s largest bond market took a hit. Traders dialed back their fed-cut bets on solid US Economic data. The stock rally on wall street stalled after the S&P 500 hit fresh all-time highs. The hit to the rally and a sell-off in bond markets came after solid US Retail sales data. Better-than-expected retail sales data demonstrates strong consumer spending. Watch in for more details!
#wallstreet #worldnews #fed
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