Stocks rally, led by growth names, dollar eases – Reuters
- Date: 13-Nov-2021
- Source: Reuters
- Sector:Economy
- Country:Middle East
Stocks rally, led by growth names, dollar eases – Reuters
NEW YORK, Nov 12 (Reuters) - Global equity markets rallied on Friday, with European shares hitting new highs on strong earnings, while the dollar eased but was on track for its biggest weekly gain since late August.
Gold prices rose, heading toward their best week in six months and extending a winning streak to seven sessions. The march higher has been spurred by surging U.S. consumer prices that have bolstered the metal's appeal as an inflation hedge.
The 6.2% year-over-year rise in inflation in October, the strongest advance since November 1990, upended the U.S. Treasury market as traders mulled whether the Federal Reserve will be forced to raise interest rates sooner rather than later.
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