Wall Street Extends Gains on Trade Talk Optimism Gold Rises Amid Deal Uncertainty

Wall Street continues its upward trend supported by trade optimism,
while gold climbs as uncertainty lingers over a final agreement between Washington and Beijing.

Contents

Market Indices
Financial Markets

Market Indices

U.S. stock indices continued to gain for the third consecutive session, supported by investor optimism regarding progress in trade negotiations between Washington and Beijing, alongside strong performance in the technology and artificial intelligence sectors.

The Dow Jones Industrial Average closed up by 105 points, reaching 42,866.87, an increase of 0.25%.
The S&P 500 rose 0.55% to 6,038.81, while the Nasdaq gained 0.63%, ending the session at 19,714.99.

This positive momentum coincided with the second day of trade negotiations in London,
where U.S. Commerce Secretary Howard Lutnick expressed optimism,
stating that “the talks are going very well” and noting the possibility of extending discussions through Wednesday if necessary.

Previously, the United States and China had agreed on a temporary reduction in tariffs,
which was seen as a step toward breaking the deadlock in trade relations—especially after President Trump’s announcement of plans for new tariffs.

Financial Markets

Since the beginning of June, markets have witnessed a strong rally, driven by robust corporate earnings—particularly in the technology and AI sectors,
which are experiencing an unprecedented boom fueled by a stream of announcements on advanced artificial intelligence applications.

Meanwhile, gold rose by 0.5% during Wednesday’s trading,
with the spot price reaching $3,337.99 per ounce, and U.S. futures hitting $3,359.20 per ounce.

This increase came amid lingering uncertainty surrounding a final deal between Presidents Trump and Xi Jinping,
despite negotiating teams announcing the development of a “framework” aimed at restoring the trade truce and removing restrictions on rare earth exports.

Wall Street Extends Gains on Trade Talk Optimism Gold Rises Amid Deal Uncertainty

Wall Street Extends Gains on Trade Talk Optimism Gold Rises

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