Pre-Market Report – Monday 4 Mar: Gold jumps, US bull market continues

• S&P 500, Nasdaq close at fresh records on AI boost, easing yields.
• US stocks drive higher, boosted by tech, chips, lower yields.
• Europe's STOXX 600 hits record high in strong start to March.
• US yields fall on weak data, Fed comment on balance sheet reset.
• US manufacturing contracts further, rays of light on the horizon.
• WTO ekes out meagre outcomes in overtime Abu Dhabi meeting.

ASX set to rise. SPI futures up 11 points.

• Oil climbs 2%, notches weekly gains ahead of OPEC+ decision.
• Iron ore falls for second straight week on soft China data, doubts around stimulus.
• Gold advances to 2-month peak as US rate cuts expected soon.
• Copper reverses loss on shrinking China factory activity.
• Canada bans indirect imports of Russian diamonds.
• US firm BlackRock reduces stake in miner Polymetal International.

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