Gold futures stage a partial rebound on Thursday, day after rising U.S. bond yields prompted the metal, which doesn’t offer a coupon, to post its first loss in six sessions.
U.S. stock benchmarks surge Thursday morning, with gains accelerating and pushing indexes to a series of milestones, after a report on services activity came in hotter than expected.
The large service side of the U.S. economy grew somewhat faster in December despite a record increase in coronavirus cases, as companies took hope in the rollout of vaccines and looked toward the future. The ISM non-manufacturing index rose to 57.2% from 55.9%.