U.S. stock indexes ticked higher Monday, while other markets made louder moves, including another record-breaking rush for the price of gold.
All told, the S&P 500 rose 34.62 points to 6,950.23. The Dow Jones Industrial Average added 313.69 to 49,412.40, and the Nasdaq composite gained 100.11 to 23,601.36.
The action was stronger in the gold market, where the metal’s price rallied another 2.1% and briefly topped $5,100 per ounce for the first time to set another record. Silver surged even more and settled 14% higher.
Prices for precious metals have been soaring as investors look for safer places to park their money amid threats of tariffs, still-high inflation, political strife and mountains of debt for governments worldwide.
The U.S. dollar’s value also continued its recent slide against peers. Last week, it was U.S. tariff threats related to Greenland that drove some global investors away from the dollar. This time, it was the Japanese yen leaping sharply because of expectations that officials in both Japan and the United States may intervene in the market to prop up the Japanese currency’s value.
More swings could be ahead for financial markets in a week full of big tests.
In the bond market, the yield on the 10-year Treasury eased to 4.21% from 4.24% late Friday.
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AP Business Writers Yuri Kageyama and Matt Ott contributed.
