Morning Report 27 Jan 26: US dollar drops while gold tops $5,000 as stocks rise

Wall Street extended gains, with the S&P 500 and Nasdaq rising for a fourth straight session ahead of mega-cap earnings and the upcoming Fed decision. Elsewhere, US bond yields edged lower as investors assessed demand, while European shares finished higher, led by bank stocks with earnings in focus. In commodities, oil prices dipped as traders weighed a US coal snap and the resumption of supply from Kazakhstan, while gold surged to a fresh record above $5,100 on heightened geopolitical demand. Back home, Aussie shares are expected to reopen higher on Tuesday, supported by soaring precious metals. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.