Major financial institutions declare traditional forecasting methods obsolete as the military campaign against Iran drags global markets into turmoil.

Gold prices hovered near a multi-week high, supported by falling U.S. Treasury yields, a weaker dollar, and new Treasury debt buyback policies.

Wall Street surged to new record highs as strong corporate earnings and falling crude prices outweighed ongoing geopolitical anxieties. Major indexes advanced despite warnings from executives over elevated valuations and artificial intelligence spending.