Sat. Jan 16th, 2021

Gold hits six-week high as traders look for Santa Rally – business live

Rolling coverage of the latest economic and financial news, on the final trading day before Christmas

2.54pm GMT

A quick update: Wall Street opened higher, as the recent stock rally continued to push shares up.

But it then faltered, as traders worried about tensions with North Korea.

“We’ll find out what the surprise is and we’ll deal with it very successfully.

We’ll see what happens.”

Futures reacting to these Trump comments on North Korea:#DOW 28541 -0.04%#SPX 3224 0.00%#NASDAQ 8698 +0.04%#RUSSELL 1674 -0.07%#FANG 3117 -0.28%

1.48pm GMT

Time for a quick recap, as City traders dash home for Christmas (or possibly to the shops for a last-minute gift).

The traditional Santa Rally has lifted stocks across Europe today, on the final session before the Christmas holidays.

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