While you were sleeping: Treasuries, gold gain

Mon, 19 Dec 2016

By Margreet Dietz Dec. 20 (BusinessDesk) - Wall Street moved higher, as did US Treasuries and gold, as investors remained upbeat about the outlook but also stocked up on more defensive assets. US Federal Reserve Chair Janet Yellen noted optimism about the nation’s job market in prepared remarks for a commencement speech in Baltimore, Maryland. Last week the Fed lifted its key interest rate for the first time in a year, and signalled three rate hikes in 2017, one more than previously flagged. That underpinned optimism about the outlook for...

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