S&P 500 — US Large Cap Index
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IPC Index — Mexico MarketGold climbed more than 2% toward $4,600 on Wednesday, extending gains from the previous session as hopes for an end to the prolonged Middle East conflict grew on reports that the US was pursuing talks with Iran. Israeli media indicated that Washington was seeking a one-month ceasefire to enable negotiations, while the New York Times reported that the US had sent Iran a 15-point proposal to resolve the conflict. This raised optimism even after President Donald Trump ordered the deployment of about 2,000 troops to the region, as the administration weighed options to ease Iran’s control over the Strait of Hormuz. Gold has previously plunged as much as 25% from its March peak as elevated energy prices driven by the Iran war fueled inflation concerns and strengthened expectations that major central banks may raise interest rates this year. Federal Reserve Governor Michael Barr said the central bank may need to keep rates elevated for some time to address inflation.
