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Equities Advance as Gold Pulls Back From Overnight Highs
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Stronger tech and energy stocks lifted Asian and European indices while bullion slipped modestly from record levels on improved risk sentiment.
Major stock benchmarks in Europe and Asia posted early gains, supported by technology and energy shares. The FTSE 100 rose 0.42%, DAX added 0.63%, and Japan’s Nikkei climbed 1.1%, marking its strongest weekly close in three months. Gold prices retreated to $4,058 an ounce after touching $4,080 overnight, while crude oil held near $88 a barrel. Traders credited upbeat U.S. earnings and dovish Federal Reserve remarks for driving renewed risk appetite and improving sentiment toward global equities.