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Wall Street’s major indexes rebound on Wednesday following Tuesday’s decline, with investor focus shifting to commodities as gold (XAUUSD:CUR) hit new record highs and all eyes turn to the upcoming FOMC minutes.
On the trading session the Nasdaq Composite (
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Institutional and retail appetite for gold has surged, with US-listed gold funds attracting record inflows, and September alone bringing significant new allocations.
Expectations for two quarter-point rate cuts by year-end have decreased from 90% to 80% over the past week.
Information Technology led sector gains, with Dell and Advanced Micro Devices outperforming among individual stocks.
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