S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketGold dipped to around $3,750 per ounce on Wednesday, but staying near the fresh record set in the previous session, as investors digested recent Federal Reserve commentary. Chair Jerome Powell struck a cautious tone, saying the Fed must balance persistent inflation with a weakening job market, describing it as “a challenging situation” and echoing last week’s remarks. In contrast, Governor Michelle Bowman suggested the central bank may need to ease more quickly if the labor market continues to soften. Focus now shifts to the August PCE index, the Fed’s preferred inflation gauge, along with upcoming speeches from other Fed officials for additional policy signals. Gold also benefited from ongoing geopolitical tensions, with NATO saying to take necessary measures to defend itself after Russia’s recent violation of Estonian airspace. Robust demand for exchange-traded funds further supported bullion, with inflows reaching a three-year high last week.
