Wall Street Hits Record Highs, Gold Prices Bounce Back

 U.S. stocks surged to fresh records for the second straight session on Thursday, while gold prices reversed course with a sharp rally.

At the close on September 19:

  • Dow Jones Industrial Average (DJIA) rose 0.37% to 46,315 points.



  • S&P 500 gained 0.5%.


  • Nasdaq Composite climbed 0.7%.


All three benchmarks set new records, capping their third consecutive week of gains. Over the week, they advanced between 1% and 2.2%, fueled by the Federal Reserve’s first interest rate cut of the year and hints of further policy easing.

Market movers 

  • FedEx jumped 2.3% after posting stronger-than-expected earnings.

  • Apple climbed 3.2% following a bullish outlook from JPMorgan.

  • Tech firms like Palantir Technologies and Oracle also rallied 3–4%.

Investor sentiment got an extra boost from a call between President Donald Trump and Chinese leader Xi Jinping, with both sides signaling progress on a potential TikTok deal and agreeing to meet next month in South Korea.

Gold shines again 🪙

On the commodities front, gold rose $50 to $3,705 per ounce, snapping back after a $15 dip in the previous session. Analysts say low interest rates are cutting the opportunity cost of holding bullion, while market volatility keeps safe-haven demand strong.

Bob Haberkorn, strategist at RJO Futures, noted: “The trend remains bullish. We could see gold push toward $4,000 by year-end.”

Silver also climbed 2.2% to $42.7/oz, platinum gained 1.4% to $1,403/oz, while palladium held steady at $1,150/oz. Haberkorn added that more investors are shifting toward silver and platinum as affordable alternatives to gold.


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