Global Markets Recover as Investors Await Fed's Economic Outlook

U.S. stocks rally cautiously while gold prices hit record highs, reflecting persistent concerns over trade policies and geopolitical tensions.

The S&P 500, Dow Jones, and Nasdaq posted modest gains over two consecutive sessions, recovering from recent correction territory.
The Federal Reserve begins a two-day policy meeting, with no rate changes expected but significant focus on its economic projections and commentary on trade-related risks.
Gold prices surged past $3,000 per ounce, driven by investor demand for safe-haven assets amid economic and geopolitical uncertainties.
Asian markets, led by Hong Kong, rallied on optimism about China's economic outlook and government measures to boost domestic consumption.
Geopolitical tensions, including Israeli airstrikes on Gaza and President Trump's call with Vladimir Putin regarding Ukraine, continue to weigh on investor sentiment.