U.S. Stock Futures Rise, Tariff Delays Boost Demand for Gold
Nasdaq (NQ=F) futures climbed 0.7%, S&P 500 (ES=F) futures rose 0.5%, and Dow (YM=F) futures gained 0.3% amid delays in tariff implementation.
President Trump agreed to postpone tariffs on Canada and Mexico, granting 30 days for negotiation. However, tariffs on Chinese goods remain in place, with talks scheduled between Trump and Xi Jinping.
Tech stocks faced headwinds, with Nvidia (NVDA) and Apple (AAPL) declining. Tesla (TSLA) led the auto sector down.
Palantir (PLTR) surged 23.9% after beating revenue expectations.
The U.S. dollar index (DX=F) recovered slightly, while the Canadian dollar and Mexican peso gained after the tariff news.
Gold (GC=F) rose towards a record high as Trump's tariff delays increased demand for safe havens. Spot gold reached $2,850 before retreating.
Markets remain cautious amid trade war concerns and potential impact on monetary policy. The Federal Reserve maintains a cautious stance as it monitors the situation.