●• Commodities like Gold and Oil join the market rally
US markets closed with gains, as the S&P 500 rose 0.69% and the Nasdaq added 0.82%. Bond yields retreated, with the 10-year Treasury yield falling to roughly 3.99%, creating a favorable environment for risk assets.
Bitcoin participated in the broader market rally, trading up over 3% to rebound from recent lows. Commodities such as Gold and Oil also saw gains, indicating strong market breadth.
The synchronized rise across asset classes suggests investor confidence is being bolstered by renewed expectations for favorable monetary policy adjustments.