U.S. ADP Draws Attention: Gold Approaches $4,500, Equities Hit All-Time Highs

U.S. Stock Market Climbs as AI Hopes Boost Chipmakers

On Tuesday, major U.S. stock indices finished in positive territory, led by a robust rally in semiconductor shares fueled by renewed excitement surrounding artificial intelligence. Moderna experienced significant gains, while the Dow Jones Industrial Average reached a new record high at the close. The Dow advanced by 0.99%, the S&P 500 increased by 0.6%, and the Nasdaq climbed 0.65%.

The U.S. Dollar Index edged up 0.19% to 98.57, as the euro weakened by 0.26% against the dollar to 1.169. Gold prices continued their upward momentum, bolstered by increased demand for safe-haven assets following the U.S. detention of Venezuela’s president, which intensified global geopolitical concerns. Meanwhile, investors adopted a cautious stance ahead of upcoming U.S. labor market reports, seeking insights into the Federal Reserve’s next policy moves.