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U.S. stocks remained near record highs on Tuesday but saw a largely muted opening as the previous session\u2019s spike cooled amid gold\u2019s surge to a new all-time high.<\/p>\n
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The Dow Jones Industrial Average opened higher and added nearly 200 points, while the S&P 500 and the tech-heavy Nasdaq Composite both showed subdued action at the open.\u00a0<\/p>\n
A cooldown for the primary gauges followed an explosive move on Monday, which received a boost from news of Nvidia\u2019s $100 billion investment in OpenAI. Nvidia\u2019s stock rose more than 3% before paring some of the gains in premarket trading. <\/p>\n
Elsewhere, Bitcoin (BTC) hovered near $112,000.<\/p>\n
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Despite the slow start to the new session, stocks were poised as Wall Street turned attention to the much awaited speech by Federal Reserve chair Jerome Powell.\u00a0<\/p>\n
The Fed chair\u2019s speech at the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon will be at 12.25 pm ET<\/a> on Tuesday. It\u2019s the first time Powell will give commentary from the central bank since the Fed\u2019s interest rate cut.\u00a0<\/p>\n According to market experts, investors expect to get insights into the Fed\u2019s thinking and outlook on the U.S. economy ahead of key economic data releases this week. Wall Street expects more rate cuts in 2025.<\/p>\n Stocks have recorded three straight winning days, with major indexes hitting all-time high closes. <\/p>\n However, despite sentiment remaining bullish amid artificial intelligence-related news, U.S.-China trade talks, and the Federal Reserve\u2019s pivot, it is gold that is poised to steal the headlines with a new high.<\/p>\n Gold surged to above $3,816, a fresh record for the bullion, as investors weighed reports that China was looking to bolster its stature in the market with an offer to handle the custody of gold reserves for friendly countries. <\/p>\nGold surges to a record high<\/h2>\n