US stocks surge to new records, driven by AI optimism and major tech investments. The US dollar’s rally halts, providing a tailwind for Gold to also hit a new record high.
US stock indices and gold rallied to record highs; US dollar halted its three-day rally
The AI-driven productivity narrative reignited optimism across Wall Street, propelling the S&P 500, Nasdaq 100, and Dow Jones Industrial Average to fresh record highs on Monday, 22 September 2025. The outperformers were the Nasdaq 100 and the small-cap Russell 2000, which rallied by 0.5% and 0.6% respectively.
AI juggernaut Nvidia has announced $100 billion worth of investments into OpenAI to support new data centres and other artificial intelligence infrastructure. Interestingly, this latest significant AI-related deal came after Oracle surprised Wall Street last week with a whopping $300 billion deal with OpenAI.
In the FX market, the US dollar halted its three-day rally that occurred after last Wednesday's FOMC meeting, where the US Dollar Index shed -0.3% yesterday, led by rallies seen in the euro (0.5%) and Swiss franc (0.4%) against the greenback.
The minor bearish reversal seen in the US dollar has managed to add impetus for gold (XAU/USD) to trade higher and maintain its ongoing short-term bullish trend since 22 August 2025.
The previous yellow metal rallied by 1.7% to print a new record high of US$3,749 on Monday, 22 September 2025. In today’s Asia session, Gold (XAU/USD) has remained firm with an intraday gain of 0.2% to take it higher to US$3,755 at the time of writing.
Our YouTube video above contains more insights and the latest intraday technical analysis on our Chart of the Day, the US Nasdaq 100.
