RE: IN AGAIN1 Jul 2019 23:18
Read this markets will go a good bit higher ........The S&P 500 index of US stocks has closed at a record high amid signs of progress in US-China trade talks.
The index closed at 2,964.33, beating 21 June's previous high, with technology stocks driving the rise.
Market watchers say more optimism around a potential trade deal between the US and China led to the movement.
And gold, often seen as a safe asset in times of uncertainty, fell 2% to $1,382 per ounce, the biggest drop since June 2018.
The Dow Jones closed 0.44% higher at 26,717.43, while the Nasdaq finished 1.1% higher at 8,091.16.
In Europe, both the UK's FTSE 100 index and Germany's Dax closed 1% higher.
"We're right back on track," US President Donald Trump said after the countries agreed to restart trade talks.
US and China agree to restart trade talks
A quick guide to the US-China trade war
"Gold tends to do well during times of concern over growth, market volatility or when markets think the powers-that-be are losing control of events," said Russ Mould, investment director at stockbroker AJ Bell.
"A trade deal would deal with all three issues and markets are happy to take the view that a deal is coming. Though it could still be a long time coming, if there is to be one at all."
Trade row
Negotiations between China and the US have dominated market moves for months as positive statements are often followed by extra tariffs, sending stock, currency and commodity markets up and down.