Market Overview - Gold prices surged, reaching a historical high of $4,429 per ounce, driven by geopolitical tensions and expectations of further interest rate cuts by the Federal Reserve [6][9] - The U.S. stock market opened higher, with the Dow Jones and S&P 500 indices experiencing slight pullbacks, while the Nasdaq rose over 0.6% [1] Company Highlights - Tesla's stock reached a new all-time high, approaching $500 per share, with a trading volume of nearly $10 billion [3][4] - The Nasdaq Golden Dragon China Index increased by approximately 0.3%, with notable gains in individual stocks such as Canadian Solar, which rose nearly 10%, and Dingdong Maicai, which increased over 4% [4] Economic Indicators - Federal Reserve Governor Milan indicated a shift in the necessity for a 50 basis point rate cut, suggesting that recent inflation data showed anomalies related to government shutdowns, which may require a more accommodative monetary policy [9] - Milan emphasized that the neutral interest rate has significantly decreased, and monetary policy must reflect this structural change to avoid increasing recession risks [9]
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