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Global equities rally as U.S. tech majors lift indices and gold prices surge
U.S. indices rose sharply as tech stocks rallied and gold surged above $4,100 an ounce, lifting global market sentiment ahead of inflation data.
Major U.S. equity indices closed sharply higher, with the S&P 500 up 1.54% and Nasdaq Composite gaining 2.27% on November 11. Gains were led by Nvidia (+5.7%), Tesla (+3%), and Alphabet (+4%), while Dow Jones added 0.9%. Gold futures jumped over $100 intraday to $4,115.62 an ounce amid renewed safe-haven buying. The rally coincided with optimism around a potential U.S. government reopening and solid corporate earnings momentum.
Global markets in Asia and Europe tracked the uptrend, supporting broader risk appetite ahead of key inflation data releases this week.