October 16, 2026
Business

Wall Street closes near record highs; precious metals rise(Soban News)

Indian markets mirrored global trends as major U.S. stock indexes neared record highs, buoyed by anticipated Federal Reserve rate cuts and a weaker dollar. Precious metals like silver and gold surged to all-time peaks amid geopolitical tensions. Investors are keenly watching for Fed policy shifts and a new chair nomination, while oil prices dipped on supply glut fears.

​Indian markets mirrored global trends as major U.S. stock indexes neared record highs, buoyed by anticipated Federal Reserve rate cuts and a weaker dollar. Precious metals like silver and gold surged to all-time peaks amid geopolitical tensions. Investors are keenly watching for Fed policy shifts and a new chair nomination, while oil prices dipped on supply glut fears. by Soban News (international And National News)

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