Money
Markets volatile as quarter-end nears, gold hits record high
Overnight market action was turbulent, reflecting end-of-quarter volatility. Copper fell sharply amid the absence of new tariff announcements from Trump, with technical factors also playing a role, while gold surged to record highs and silver reached its strongest level since October—Mexico and China remain the largest global silver producers. SPI futures dipped slightly, though a rebound is possible as election uncertainty nears resolution. Meanwhile, all eyes are on the latest core PCE deflator, the Fed’s preferred inflation measure, expected to show a 0.3% monthly rise. However, spending and income data in the same release may hold greater significance in assessing US economic resilience, with clearer insights expected later today.