Gold hits another record, silver soars

NEW YORK — U.S. stock indexes ticked higher Monday, while other markets made louder moves, including another record-breaking rush for the price of gold.

The S&P 500 rose 0.5% and won back its losses from last week’s dip. The Dow Jones Industrial Average climbed 313 points, or 0.6%, and the Nasdaq composite added 0.4%.

The action was stronger in the gold market, where the metal’s price rallied another 2.1% and briefly topped $5,100 per ounce for the first time to set another record. Silver surged even more and settled 14% higher.

Baker Hughes helped lead the way and rose 4.4% after delivering a stronger profit for the latest quarter than analysts expected. The energy technology company said it’s benefiting from strong momentum in demand for liquefied natural gas, among other things.

CoreWeave climbed 5.7% after Nvidia said it invested $2 billion in the stock and will help accelerate the buildout of CoreWeave’s artificial-intelligence factories, which use Nvidia chips, by 2030 to advance AI adoption. Nvidia slipped 0.6%.

USA Rare Earth rallied 7.9% after saying the U.S. government agreed to provide $277 million in federal funding to help the company produce heavy rare earths, minerals and magnets. The Trump administration also agreed to a proposed $1.3 billion loan, while the company separately raised $1.5 billion through private investors.

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