Asian shares, gold rise as rate cut hopes grow amid cooling inflation | Stock Market Today
 "global stocks")
Asian stocks were taking a breather on Monday after global equities enjoyed their best week.
Asian stocks were taking a breather on Monday after global equities enjoyed their best week in nine months on expectations the US economy would dodge a recession and cooling inflation would kick off a cycle of interest rate cuts.
The prospect of lower borrowing costs saw gold clear $2,500 an ounce for the first time and the dollar dip against the euro, though both the safe haven yen and Swiss franc receded as risk appetites recovered.
Click here to connect with us on WhatsApp
Federal Reserve members Mary Daly and Austan Goolsbee were out over the weekend to flag the possibility…
