23 July: Stocks squeeze higher again. US$ under increasing downside pressure. Precious metals see solid gains. Australian mini-budget ahead.

US stocks ended Wednesday higher, generally by around 0.25%/0.50%, as late-buying of tech stocks combined with a good session for defensive stocks to underpin risk sentiment, offsetting rising US/China tensions, where traders are now waiting for the next move from China after the US government ordered the closure of the…

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