US stocks recover slightly after consecutive declines
At the end of Thursday's trading session, the Dow Jones index rose slightly by 0.47%, or 197.33 points, to 42,530.2 points, ending a 10-session losing streak.
This is a positive signal after concerns about the Fed's interest rate policy. The S&P 500 increased 0.62%, reaching 5,908.72 points, while the Nasdaq Composite increased slightly 0.21%, reaching 19,432.50 points.
The move reflects expectations that the Fed will take steps to support the economy next year.
Gold price approaches $2,600/ounce mark
In the commodity market, gold prices continued to rise, approaching the $2,600/ounce mark. At the close of the session, spot gold prices reached $2,596.2/ounce, up 0.2% from the previous session, the highest level since November 2024.
Meanwhile, the price of gold futures in the US also increased by 0.15%, reaching 2,597.5 USD/ounce. The main reason was the weakening of the USD after the Fed's message about slowing down the pace of interest rate adjustment, causing investors to rush to find safe assets.
Crude oil prices fall on concerns about weak economy
Crude oil prices fell amid concerns over a weak global economic outlook. Brent crude futures fell 0.45% to $72.9 a barrel, while WTI crude fell 0.35% to $70.5 a barrel.
Economic and financial news EIA data showed that crude oil inventories in the US continued to rise, raising concerns about weak demand. Energy markets are closely watching for signs from China and Europe, two regions that are important to global oil demand. Follow along HVA to update and grasp the fastest information about the financial market every day.
