Treasuries Rise With Gold, Dollar as U.S. Stocks Edge Higher
- Signs of defensive posturing after monthlong risk-on rally
- Fed chair calls labor market strongest in nearly a decade
Is the U.S. Dollar Overvalued?
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A cautious tone spread through financial markets as the last full trading week in 2016 began.
U.S. stocks ended the session higher after twice paring gains amid incidents in Turkey and Germany that raised geopolitical concerns. Treasuries rose the most in two weeks, adding to an advance after Berlin police said at least nine people were killed after a truck rammed into a Christmas market. Gold advanced a second session, while the Swiss franc strengthened after Russia’s ambassador to Turkey was assassinated in Ankara. The lira fell with emerging-market stocks.