Trading Day: Momentum fizzles, gold sizzles
By Jamie McGeever ORLANDO, Florida, Aug 3 (Reuters) - Solid corporate earnings and optimism around a peace deal in the Middle East pushed world stocks to new highs on Wednesday, although momentum cooled as investors digested some tech weakness and the latest hawkish remarks on U.S. interest rates from a Federal Reserve official. Meanwhile, gold had its best day in six months.
By Jamie McGeever ORLANDO, Florida, Aug 3 (Reuters) - Solid corporate earnings and optimism around a peace deal in the Middle East pushed world stocks to new highs on Wednesday, although momentum cooled as investors digested some tech weakness and the latest hawkish remarks on U.S. interest rates from a Federal Reserve official. Meanwhile, gold had its best day in six months.
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