Gold wavered as assets from equities to cryptocurrencies declined on fading expectations for US interest-rate cuts and nervousness over tech earnings. Equity gauges were in the red across the globe as jitters over lofty valuations amplified the risk-off mood ahead of a Nvidia Corp. report on Wednesday. While gold often performs well when investors seek haven from market turmoil, it can also suffer in the short term as traders are forced to unwind leveraged positions. Most Read from Bloomberg Both gold a ...

European stocks gained as investor sentiment received a boost from better-than-expected US personal spending data, overshadowing plans by President Donald Trump to slap tariffs on patented drugs. The Stoxx Europe 600 Index rose  at the close. The healthcare sector erased earlier losses to gain 0.1% after Trump said he plans a 100% duty on patented drugs effective Oct. 1, unless the producer is building a manufacturing plant in the US. Novo Nordisk A/S fell  and Zealand Pharma A/S retreated . Most Read fr ...

Group 1: Market Overview - US stocks experienced a rise, with the Nasdaq Composite and Dow Jones Industrial Average increasing nearly 0.3%, and the S&P 500 nudging around 0.2% higher, driven by optimism from Alibaba's spending plans [1] - The tech sector is showing signs of recovery after a previous decline, particularly among the "Magnificent Seven" megacap stocks [1] Group 2: Alibaba's AI Investment - Alibaba's stock surged over 8% as the company announced plans to increase its AI spending beyond the initial $50 billion target, in response to a global AI investment surge reaching $4 trillion [2] - The CEO of Alibaba emphasized the necessity of this boost to remain competitive in the rapidly evolving AI landscape [2] Group 3: Micron's Performance - Micron reported stronger-than-expected quarterly earnings, providing a positive signal for the AI sector, although its shares fell on the same day [2] Group 4: Interest Rate Outlook - The market is currently focused on the potential for US interest rate cuts, with recent comments from Federal Reserve officials indicating a divergence in opinions regarding future policy directions [3] - Fed Chair Jerome Powell highlighted a cautious approach to further rate cuts while acknowledging that stocks are "fairly highly valued" [4] Group 5: Upcoming Economic Indicators - The market is anticipating the release of the Personal Consumption Expenditures index, which is the Fed's preferred inflation gauge, as well as updates on weekly mortgage applications and August home sales, to gain insights into the housing market and broader US economy [4][5]