
Gold surged past $4,400 an ounce for the first time on Monday, hitting record highs as expectations of further U.S. rate cuts, a softer dollar, and strong safe-haven demand boosted precious metals. Silver also reached a record near $69.45 amid strong investment inflows and supply constraints.
The outlook for precious metals remains positive, thanks to expectations of looser monetary policy from the Federal Reserve going into 2026.
U.S. stock futures edged higher in early trading on Monday as investors assess whether tech stocks can sustain a recent rebound into year end. Dow futures rose 0.2%, while S&P 500 and Nasdaq 100 futures gained around 0.2%–0.3%.
The move follows a mixed week on Wall Street, where a late surge in AI stocks helped the S&P 500 and Nasdaq advance higher, while the Dow slipped and snapped a three-week streak.
Asia-Pacific markets advanced on Monday after China’s central bank kept its key loan prime rates unchanged, in line with expectations. The People’s Bank of China held the 1-year rate at 3% and the 5-year rate at 3.5% for a seventh straight meeting, supporting regional sentiment. Japan’s Nikkei jumped 1.6%, while Hong Kong’s Hang Seng and China’s CSI 300 each added 0.5%.
In the Forex market, EUR/USD climbed above 1.1760 after the ECB kept rates unchanged last week and upgraded its growth outlook, while softer-than-expected U.S. inflation data pressured the dollar. ECB President Christine Lagarde emphasized policy uncertainty and noted the bank is monitoring the euro’s appreciation without targeting exchange rates. The pair snapped a four-day losing streak, trading near 1.1720 in Asian hours.
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