Gold prices have reached a two-week high. Silver has hit a new record. This surge is driven by expectations that the US Federal Reserve will cut interest rates next month. Investors are returning to gold as a safe haven. Soft economic data and dovish remarks from Fed officials support this outlook. Platinum and palladium also saw gains.
US stocks: US market ends down as oil prices, Treasury yields rise
In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields.