NEW YORK, April 2 ― Gold prices hit fresh all-time peaks yesterday with stocks on Wall Street closing mixed as optimism that the Federal Reserve was near to cutting interest rates faded due to a strong US economy that rebuts the need for cuts anytime soon.

Chinese shares led a rally around most of Asia overnight amid a broadly optimistic global economic backdrop, while the dollar rose after data showed the US manufacturing sector grew in March for the first time since September 2022.