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Gold prices experienced a slight dip due to receding concerns about a global tariff war and a stronger U.S. dollar. Investors are keenly awaiting the Federal Reserve's policy meeting for insights into potential interest rate adjustments. Trade discussions between the U.S. and China, along with a trade agreement between the U.S. and EU, are also influencing market sentiment.
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U.S. stocks closed at record highs on Monday, fueled by optimism surrounding potential AI technology and trade pacts. The S&P 500 marked its sixth straight record close, while the Nasdaq also advanced. A new U.S.-EU trade framework was unveiled, though met with some resistance.
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Asian stocks are expected to open lower following Wall Street's pause, as investors await key economic data and earnings reports. Trade deal optimism fades, while the dollar strengthens and Treasuries decline. The Fed's upcoming rate decision and a flurry of economic reports will be crucial for market direction amid political pressure and evolving trade policies.
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News and Media
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