Equities rebound after Trump cools China rhetoric but gold at record highs

Market Reaction - MSCI's global equities gauge regained some ground after a steep sell-off, indicating a recovery in investor sentiment following a more conciliatory tone from U.S. President Trump regarding the U.S.-China trade war [1][2] - The Dow Jones Industrial Average rose by 480.23 points (1.06%) to 45,960.52, the S&P 500 increased by 86.35 points (1.31%) to 6,638.49, and the Nasdaq Composite climbed by 397.43 points (1.78%) to 22,599.34 [3] Gold Market - Safe-haven gold reached record highs, with spot gold rising 2% to $4,097.57 per ounce and U.S. gold futures increasing by 2.89% to $4,090.80 per ounce, reflecting ongoing market uncertainty [5] - Bank of America commodities analysts raised their gold price forecast for next year to $5,000 per ounce from $4,400, indicating strong demand for gold as a safe investment [5] European Market - The pan-European STOXX 600 index rose by 0.33%, although political pressures in France regarding budget negotiations remained a concern [6] - The dollar index increased by 0.26% to 99.31, while the euro fell by 0.47% to $1.1563, and the dollar strengthened against the Japanese yen by 0.85% to 152.43 [6] Japanese Market - Japanese markets faced challenges with uncertainty surrounding the new LDP leader Sanae Takaichi's ascension to prime minister, contributing to a rebound in the yen and a 5% decline in Nikkei futures on Friday [7]