📈 Stocks / Finance

Gold Hits Record High, Could Climb Higher

FX Empire

Gold (XAU) reached a new record high of $2,664, nearing a resistance point at $2,661. Experts predict that if the momentum continues, gold may rise to $2,675 and potentially $2,710. However, if prices fall below $2,623, a deeper pullback could occur, though support from recent trendlines may stabilize it.

S&P 500, Dow close at new highs as mining stocks rise on China stimulus boost

Reuters

The S&P 500 and Dow hit new highs as mining stocks surged after China's latest stimulus package. Copper and lithium miners, like Freeport-McMoRan and Southern Copper, gained over 7%. Despite weak U.S. consumer confidence, China-sensitive sectors benefited from the news, while Visa fell 5.49% following a DOJ antitrust lawsuit.

Nasdaq Climbs as Spotify Soars on TikTok News

Investor’s Business Daily

The Nasdaq rose 0.5%, leading the major indexes as it moved above 18,000, just 3% below its all-time high. Spotify gained 3.6% after TikTok announced it would stop its streaming service in key countries, boosting Spotify's market position. Meanwhile, Nvidia surged 4% and Freeport-McMoRan jumped 7.5% as metals prices rose due to China's economic stimulus measures.

🪙 Crypto

Crypto Today: SUI Shines with a 65% Surge

FX Street

Bitcoin is steady around $63,600 after profit-taking by holders, with mild ETF inflows of $4.5M. Ethereum recovered from $2,595, while XRP stays flat at $0.589 but could rise above $0.600 soon. SUI impresses with a 65% monthly gain, driven by rising DeFi activity and new ecosystem updates.

🌎 Global Economy

China Cuts Rates to Boost Struggling Economy

AP News

China is cutting bank reserve requirements and interest rates to help its slowing economy. These changes aim to revive the struggling housing market, which has been hit hard by falling home prices and weak demand. While the measures lifted stock markets, experts warn they may not be enough to fully turn around economic growth without additional fiscal support.

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