Gold breaks through the $4500 mark today! Global assets dance together

A spectacular cross-asset performance is unfolding in the market, with precious metals showing the strongest momentum. Today, gold prices once again broke through historical highs, reaching as high as $4,497 per ounce, while silver also held strong, surging to $70 per ounce. Industry firm Yardeni Research updated its long-term forecast, suggesting that by the end of 2026, gold could rise to $6,000 per ounce, providing an important reference for gold investment logic moving forward.

US Stock Futures Slightly Up, Tech Stocks Lead Again

Before the US stock market opens, futures markets indicate a modest rise. As of 4:59 PM Eastern Time, the Dow Jones futures edged up by 0.03%, the S&P 500 futures also increased by 0.03%, and the Nasdaq 100 futures, representing tech stocks, led the way with a 0.06% gain.

In individual stocks, chip giant NVIDIA rose by 0.05%, while electric vehicle leader Tesla performed even better, with its stock climbing to $498 yesterday, hitting a record high. Today, futures are up by 0.29%, showing continued investor optimism about its prospects.

US Economic Data to Be Market Focus, Dollar Trend Pending

At 9:30 PM tonight, the US will release its Q3 GDP data, which is expected to be a major highlight today. Market consensus anticipates an annualized growth rate of 3.3%, down from 3.8% in Q2.

The performance of this data will directly influence the dollar’s direction: if the figures exceed expectations, it could support the dollar; otherwise, it may weaken dollar buying. Currently, the US Dollar Index has fallen by 0.30%, trading at 97.94, indicating market uncertainty about economic data expectations.

Bank of Japan Faces Exchange Rate Dilemma, Intervention Signals Emerge

Japan’s financial policymakers are alert to recent sharp currency market fluctuations. Finance Minister Shunichi Suzuki publicly stated that the government has the authority and autonomy to take decisive action; Deputy Finance Minister Masamura Junqi emphasized that the current unilateral volatility exceeds reasonable bounds, and authorities are prepared to respond to extreme fluctuations.

As a result, markets anticipate that Japan’s government is preparing for currency intervention. The USD/JPY exchange rate has dropped over 0.70% in response, now at 155.90, marking the second consecutive trading day of decline, reflecting growing investor expectations of Japanese action.

Geopolitical Risks Rise, Oil Prices Surge Amid Supply Concerns

Global energy supply chains are under multiple pressures. US sanctions on Venezuelan oil tankers, attacks on Russian energy facilities in Ukraine, and Israel’s planning of a potential new military operation against Iran have all interconnected, fueling market fears of energy supply disruptions.

Crude oil markets have responded strongly, rising sharply for two consecutive days. Currently, WTI crude trades at $58.05 per barrel, and Brent crude at $62.10 per barrel. Despite some volatility today, the upward trend remains solid. The joint rally of gold and oil today reflects a broad reassessment of risk assets by investors.