Stocks resume rise, gold rushes to record ahead of busy week
NEW YORK (AP) — Stocks resumed their upward march on Wall Street Monday, while the price of gold rushed to a record high at the start of a week packed with potentially market-moving events. The S&P 500 rose 0.7% following mixed, modest moves in overseas markets. This week’s headline event may be a two-day meeting for the Federal Reserve on interest rates that begins Tuesday. It’s also a heavy week for earnings reports, and Congress is debating more aid for the economy. Nervousness is still hanging over markets, which helped gold briefly shoot above $1,940 per ounce for the first time.
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