Pre-Market Report – Tuesday 26 November: US markets at new records | Gold falls 3%

Dow rose 440.06 points, or 0.99%, to 44,736.57. The broad S&P 500 gained 0.3% to end at 5,987.37. Both hit new all-time highs in the session, while the Dow also notched a fresh record close. The Nasdaq Composite ticked up 0.27%, finishing the day at 19,054.84.

The 10-year Treasury yield dropped more than 14 basis points in Monday’s session.

U.S. markets are closed Thursday due to the Thanksgiving holiday and close early on Friday, so trading volume is likely to be light this week.

ASX  to rise. SPI Futures up 18 points (+0.21%).

COMMODITIES

• Gold tumbles 3% on reports of Israel-Hezbollah ceasefire, US Treasury pick.
• Copper bounces on bargain hunting and risk appetite.
• Iron ore rises on firmer steel outlook, but trade tensions cap gains.
• Newmont to sell Eleonore gold mine for $795mn, advancing asset divestment plan.
• Trump preparing wide-ranging energy plan to boost oil drilling and gas exports.
• Anglo agrees to sell Australian coal mines for up to $3.78bn to Peabody Energy.

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