Investors can’t hold back their AI bubble jitters anymore as gold pushes beyond $4,000 per ounce

Market Overview - U.S. stocks are experiencing slight gains after a previous loss, with the S&P 500 rising 0.2% and nearing its all-time high [1][2] - The price of gold has surpassed $4,000 per ounce, trading at $4,057.50, reflecting a rise of nearly $53 or 1.3% [2] Gold Market - Gold prices have increased over 50% this year, driven by high inflation, significant government debt, and political uncertainties [3] - Investors view gold as a hedge against inflation, which has contributed to its price surge [3] Federal Reserve Insights - The minutes from the Federal Reserve's September meeting are set to be released, with expectations of at least one more rate cut this year as the Fed addresses a weakening labor market and persistent inflation above 2% [4] Company News - Equifax shares rose 2.5% after the company significantly reduced the price of its mortgage credit score product by over 50% compared to Fair Isaac's offering [5] - Fair Isaac's shares fell 3.7% following its recent announcement to streamline access to FICO credit scores [5] Artificial Intelligence Sector - The Bank of England has warned of potential corrections in tech stock valuations, particularly those related to AI, as they appear stretched [6] - AI-related stocks have seen substantial gains this year, with Nvidia up nearly 40%, Oracle up 70%, and Palantir up 140% [6] European Market - European markets are showing positive movement, with the CAC 40 up 0.8%, DAX up 0.7%, and FTSE 100 up 0.9% [7] Currency Movements - The U.S. dollar has strengthened against the euro and Japanese yen, influenced by political developments in France and Japan [8][9]