UBS Global Wealth Management has increased its year-end forecast for the S&P 500 index to 6,600, driven by robust corporate earnings, easing trade tensions, and anticipated interest rate cuts, News.Az reports, citingReuters.

A week that began with significant risks for global markets is ending on a positive note, with stocks reaching record highs after US President Donald Trump appeared to ease his tough stance on tariffs against China.

The World Economic Forum 2025, a cornerstone event in global economics, continues to draw attention in Davos. World leaders, business executives, economists, and international organization representatives have convened once again to tackle global challenges and chart pathways to a sustainable future. This year, the agenda focuses on pivotal issues, including sustainable development, climate change, digital transformation, and global energy security. As always, the forum serves as a vital platform for exchanging ideas and fostering international cooperation to address some of the most pressing issues of our time.

Global stocks declined on Monday, while the dollar reached its highest level in 26 months, following a strong U.S. jobs report that left investors questioning whether interest rates will decrease at all this year, just as earnings season begins.

Gold saw a slight decline as traders awaited the Federal Reserve's upcoming rate decision, looking for hints about the monetary-policy direction for next year.

Gold prices slipped, alongside most commodities and equity markets, as traders brace for a wave of interest rate decisions from key central banks, including the US Federal Reserve.

Gold prices rose on Thursday, driven by a weaker dollar, as investors awaited key US economic data that could provide insights into the Federal Reserve's future interest rate decisions.

Gold prices tumbled by nearly 2%, falling back below $2,700 an ounce after last week’s surge, which marked the biggest rally in 20 months.