Bonds & Stocks
Stocks were little changed in thin trading after a measure of global equities set a fresh all-time high, driven by optimism over the economy and corporate earnings. Gold and silver advanced to records.
Economy
Gold, silver and platinum jumped to all-time highs to extend a historic end-of-year rally for precious metals, with support from escalating geopolitical tensions and US dollar weakness. Spot gold rose as much as 1.2% to a peak above $4,530 an ounce.
World
Turkey is planning modest tax increases on key goods and services, including motor fuel, in 2026, the latest step in the government’s efforts to help the central bank rein in inflation.