GLOBAL MARKETS-Stocks rise on U.S. stimulus bets; gold whipsawed

* Silver bounces back after massive tumble
* Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh

(New throughout, updates prices, market activity and comments)
By Rodrigo Campos
NEW YORK, Aug 12 (Reuters) - Global stocks rose on
Wednesday, ending at their highest since February as investors
kept betting on more stimulus in the United States despite
doubts, while gold was whipsawed and silver clawed back from a
massive drop.
The euro strengthened versus the greenback and the dollar
index gave back some recent gains, barely changed mid-way this
week following seven consecutive weekly declines.
Recently battered technology stocks reclaimed leadership on
Wall Street and the benchmark S&P 500 ended near record highs,
even as U.S. Treasury Secretary Steven Mnuchin said the White
House and top Democrats in Congress may not reach a deal on
coronavirus aid.
Both U.S. parties traded jabs on who was to blame for
blocking relief to tens of millions of jobless Americans.
The Dow Jones Industrial Average .DJI rose 289.93 points,
or 1.05%, to 27,976.84, the S&P 500 .SPX gained 46.66 points,
or 1.40%, to 3,380.35 and the Nasdaq Composite .IXIC added
229.42 points, or 2.13%, to 11,012.24.
The S&P ended within 6 points of its closing record high of
3,386.15. The index slipped on Tuesday after seven straight days
of gains.
"We're seeing buyers show up very quickly, any chance they
get when the market declines. To me, that's a very bullish
sign," said Adam Sarhan, chief executive of 50 Park Investments
in New York.
MSCI's gauge of stocks across the globe .MIWD00000PUS
gained 1.23% to close at its highest since late February.
Emerging market stocks rose 0.25% and Japan's Nikkei futures
NKc1 rose 2.29%.

GOOD AS GOLD
The 10-year U.S. Treasury US10YT=RR last fell 5/32 in
price to yield 0.6731%, from 0.658% late on Tuesday, after
relatively strong demand greeted a record offering on benchmark
notes by the Treasury.
Oil prices climbed after government data showed U.S. oil
inventories fell across the board, bolstering hopes for
increased fuel demand in the world's biggest economy. O/R
U.S. crude CLc1 recently rose 2.28% to $42.56 per barrel
and Brent LCOc1 was at $45.32, up 1.84% on the day.
The dollar index =USD fell 0.28%, with the euro EUR= up
0.37% to $1.1782.
The Japanese yen weakened 0.38% versus the greenback to
106.89 per dollar, while Sterling GBP= ended at $1.3032, down
0.12% on the day.
Gold swung from being down 2.5% to adding 0.3% to $1,917.16
an ounce, a day after it suffered its biggest daily fall in
seven years. Silver fell as much as 5.5% and rose as much as 6%
after a 15% plunge, the largest in over a decade, on Tuesday.
XAG= GOL/R
Bullion has gained 28% so far this year, as investors buy it
as a hedge against fears of currency debasement as central banks
flood economies with free money in response to the global
coronavirus crisis.

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Global assets http://tmsnrt.rs/2jvdmXl
Global currencies vs. dollar http://tmsnrt.rs/2egbfVh
Emerging markets http://tmsnrt.rs/2ihRugV
2020 Global asset performance https://tmsnrt.rs/3iA4Cd2
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