US stocks reached fresh record highs, while safe-haven assets such as US Government Treasuries and gold were heavily sold off. 
The stock market rally over recent days has seen global shares recoup all the losses they made after the UK's decision to leave the European Union. 
The S&P 500 and the Dow industrials rose to intraday records on Tuesday after Alcoa (AA) kicked off earnings season in a positive fashion and as investors took comfort in easing global economic concerns. 
Wall Street's S&P 500 reached a record high for the second day in a row, with the Dow Jones Industrial Average joining in the party with its first record high in 13 months overnight. 
The Dow Jones climbed 121 points, or 0.7% to 18,348. 
The S&P 500 (SPX) rose 15 points, or 0.7% to 2,152. 
The Nasdaq Composite (COMP) added 34 points, or 0.7% to 5,023.