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International Business Times
International Business Times
Business
AFP News

Stocks, Dollar Swing As Rate Bets Offset By Trump Inflation Talk

Gold prcies have hit a fresh record high on growing expectations for US interest rate cuts (Credit: AFP)

Equities and the dollar were rangebound Wednesday while gold hit a fresh record as expectations for a US interest rate cut played up against the prospect of another Donald Trump presidency that analysts say could see inflation-fuelling tax cuts and tariffs.

While Wall Street saw another day of record highs owing to bets on lower borrowing costs and a more market-friendly White House, Asian dealers trod more cautiously as they also kept tabs on a key economic meeting of China's leaders in Beijing this week.

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