Gold shines on falling dollar, yields; global stimulus supports shares

Gold scaled a new high on Wednesday as a weaker dollar and falling bond yields burnished its safe-haven appeal, while shares ticked higher as investors turned their focus to stepped-up monetary and fiscal support globally.

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Markets also latched on to comments from the president of Federal Reserve Bank of San Francisco that the U.S. economy will need more support than initially thought, sending long-term Treasury yields into a downward spiral.

https://www.reuters.com/article/us-global-markets/gold-shines-on-falling-dollar-yields-global-stimulus-supports-shares-idUSKCN250335