Trading Day: Big moves, ahead of big week

Market Overview - World stocks reached new highs, with the MSCI All Country index hitting a fresh peak, while Wall Street's major indices posted solid gains, although the Russell 2000 index fell [1][3] - Gold prices surged past $5,000 per ounce for the first time, marking a significant increase from historical lows of $250 per ounce a quarter-century ago, with predictions of reaching $6,000 per ounce [5] Currency and Forex - The U.S. dollar experienced a notable decline, falling over 3% since Friday, leading to speculation about potential yen-buying interventions by Japan [4][5] - The Japanese yen extended its rally following the New York Fed's actions, contributing to the dollar index dropping to a four-month low [3] Sector Performance - In the U.S. stock market, technology and communications services sectors saw gains of 0.8% and 1.3% respectively, while consumer discretionary stocks fell by 0.7% [3] - Precious metals experienced a rally, with silver increasing by 6% after peaking at 13%, and palladium rising by 1% after an 8% increase [3]