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Tesla's shares rose over 5% following a teaser for an October 7 event, anticipated to unveil a more affordable vehicle to combat declining sales. Analysts expect this new model, potentially a stripped-down Model Y, to address falling annual deliveries and unlock new demand, despite previous delays and cost-cutting uncertainties.
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Gold prices surged to an all-time peak on Tuesday, driven by U.S. economic and political uncertainties and anticipated Federal Reserve interest rate cuts. Despite some Fed officials signaling caution on further reductions, markets are pricing in more cuts. This environment, coupled with strong central bank buying and investor demand for hedges, propelled gold's significant year-to-date gains.
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Indian markets saw a boost from global trends. The S&P 500 and Nasdaq touched record highs driven by artificial intelligence deals. AMD's partnership with OpenAI fueled this surge. Despite a US government shutdown, investor sentiment remained strong for AI-related companies. Upcoming earnings reports and economic data will be closely watched.
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