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Gold prices climbed Friday amid strong expectations of a U.S. Federal Reserve rate cut next week, while silver reached a record high. The market anticipates a 25-basis-point cut, driven by dovish Fed commentary and recent economic data. This sentiment weakened the dollar, benefiting gold.
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European shares closed the week with modest gains as investors digested a U.S. inflation report reinforcing expectations for a Federal Reserve rate cut next week. Autos, retail, and technology stocks led the gains, while Swiss Re and oil and gas lagged. Citigroup set a positive 2026 target for the STOXX 600.
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News and Media
Global shares advanced Friday as U.S. economic data reinforced expectations of a Federal Reserve rate cut next week, weakening the dollar and boosting gold. Wall Street indices closed higher, marking a second consecutive week of gains, with technology and communication services sectors leading. European markets remained largely unchanged, securing a modest weekly increase.
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News and Media
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