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With orders for transportation equipment showing a substantial increase, the Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of March. The report said durable goods orders soared by 2.6 percent in March after climbing by a downwardly revised 0.7 percent in February.

With orders for transportation equipment showing a substantial increase, the Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of March.

A report released by the Commerce Department on Tuesday showed a substantial increase in new home sales in the U.S. in the month of March. The Commerce Department said new home sales spiked by 8.8 percent to an annual rate of 693,000 in March after plunging by 5.1 percent to a revised rate of 637,000 in February.

A report released by the National Association of Realtors on Thursday showed a sharp pullback by existing home sales in the U.S. in the month March. NAR said existing home sales plunged by 4.3 percent to an annual rate of 4.19 million in March after surging by 9.5 percent to a rate of 4.38 million in February. Economists had expected existing home sales to slump to a rate of 4.20 million.

U.S. markets experienced significant gains, with both the Nasdaq and S&P 500 closing up over 1% on impending earnings reports from tech giants.

The market spotlight shifts to the U.S. equity market, particularly with the impending release of earnings reports from tech giants .

As we head into the second quarter earnings report season, the U.S. equity market is poised to capture significant attention. Recent geopolitical events, particularly the unconfirmed reports of an explosion in Iran's third-largest city last Friday, have injected volatility into commodities prices and bolstered the appeal of safe-haven assets like the U.S. dollar and Japanese Yen.

Gold prices have soared past 2400.00 USD, reaching a new record high on Friday. This marks the fifth consecutive week of gains for the precious metal, fuelled by increasing market demand for "safe-haven" assets amid escalating geopolitical tensions and uncertain global economic conditions.