Market Rally Pauses Ahead Of Powell Speech While Gold Propels To New Record Highs
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US equity futures are flat as markets await Fed Chair Powell's speech. Gold prices surge to record highs, driven by China's gold custody plans and rising demand amid geopolitical tensions. The OECD raises global growth estimates, while major tech stocks show mixed performance. ACM Research gains after being added to the S&P SmallCap 600, while AutoZone slips post-earnings. Disney's Jimmy Kimmel Live! returns amid backlash, and Zijin Gold's IPO may be delayed due to a typhoon. Investors are focused on upcoming debt auctions and Fed signals as earnings season approaches.
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