The S&P 500 and Nasdaq have opened at new highs, lifted by strong results from Meta and Microsoft after the market closed last night.
Also affecting sentiment was a 0.3 per cent rise in a key measure of inflation, the personal consumption expenditures price index, in June. It was the biggest increase since February.
The rise in the index, which is closely watched by the US Federal Reserve, raises questions about whether the central bank will cut interest rates soon.
As Wall Street opened, the FTSE 100 was trading up 18 points, or 0.2 per cent, at 9,155.06. This was below the previous intraday high of 9,163.24 on July 27. However, if it maintains this level it will close at a new high. The previous record was 9,138.37 on Thursday last week.
Uncertainty drives demand for gold
Demand for gold rose 3 per cent year-on-year in the second quarter of the year, driven by strong investor interest…
