Global Markets Mixed: Wall St Sets Record, Gold & Silver Soar Ahead of Fed Decision
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News18•28-01-2026, 15:15
Global Markets Mixed: Wall St Sets Record, Gold & Silver Soar Ahead of Fed Decision
- •European shares declined while Asian markets showed mixed results; South Korea's Kospi hit a record high.
- •Gold prices surged 3.9% to USD 5,279.30 and silver jumped 6.7% to USD 112.69, driven by investors seeking safe-haven assets.
- •The US Federal Reserve is expected to hold interest rates steady, with future cuts anticipated later in the year.
- •The dollar weakened against the yen and other currencies, reaching its lowest point against a basket of currencies since 2022.
- •US consumer confidence dropped to its lowest level since 2014, even below COVID-19 pandemic levels.
Why It Matters: Global markets are mixed with record highs on Wall Street, soaring precious metals, and a weakening dollar.
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