
US indices started the week on a positive footing, led by gains in major tech stocks ahead of earnings from Apple, Meta and Microsoft. The S&P 500, Dow and Nasdaq all closed higher on Monday, extending optimism around a strong earnings season. Nasdaq-100 was up 1.7% to 25,729. S&P500 rose 1.36% to 6,946, and the Dow Jones gained 1%, ending the session at 49,220.
All three major indices continue to advance higher today, inching closer to the previous record highs.
Attention now turns to a packed earnings calendar, upcoming economic data, and the Fed’s first rate decision of the year. While rates are expected to remain unchanged, investors are watching closely for signals on the timing of potential cuts in 2026.
Gold prices rebounded after a modest pullback from record highs, holding just below $5,100 in Asian and European sessions. Ongoing geopolitical tensions, strong central bank purchases, and solid retail demand continue to support the metal, keeping its safe-haven appeal intact despite generally positive risk sentiment.
A slight uptick in the U.S. dollar is limiting gains for now, as investors await the Federal Reserve’s policy decision for clarity on the rate cut outlook. Still, the broader fundamentals remain supportive, suggesting gold’s overall bias stays tilted to the upside.
Strong U.S. economic data, including a 5.3% jump in Durable Goods Orders in November, offered only limited support to the dollar as markets remain focused on the outcome of the FOMC meeting and Fed Chair Jerome Powell’s guidance.
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