Broad Rise in Global Markets
Global financial markets witnessed a notable rise today in most stock indexes, supported by investor optimism regarding the slowdown in the U.S. monetary tightening cycle and the easing of inflationary pressures. This optimism has boosted trader confidence, especially after strong economic data was released from the U.S. economy, though it did not change expectations that the Federal Reserve will remain cautious about any upcoming decisions.
🔹Dollar Declines Against Major Currencies
At the same time, the U.S. dollar declined against a basket of major currencies after weeks of continuous gains fueled by interest rate hike expectations. The latest decline reflects investors’ moves toward safer assets such as gold, amid growing concerns about a possible partial government shutdown in the U.S. if political discussions in Congress fail.
🔹Gold Continues to Set Record Levels
Among the most prominent developments in commodity markets, gold prices jumped beyond $3,819 per ounce, reaching an unprecedented historical level. This sharp rise is attributed to two main factors:
1 .The decline of the dollar, which makes the precious metal more attractive to holders of other currencies.
2 . The increase in demand for safe-haven assets amid geopolitical concerns and uncertainty about central bank policies.
🔹Outlook for the Next Stage
Analysts believe that the continued rise in gold depends on the path of the dollar and central bank directions, particularly the U.S. Federal Reserve. As for stock markets, they currently reflect a mix of cautious optimism, as concerns remain about the Chinese economy, the global energy crisis, and geopolitical tensions.
🔗 News source : https://www.reuters.com/world/china/global-markets-wrapup-1-2025-09-29/
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