Asian Stocks Surge, Gold Hits Record High Amid Strong US Growth & Commodity Rally

• Asian stocks advanced, extending gains, following a Wall Street rally driven by strong US GDP growth (4.3%).
• Gold surged to a new record above $4,500 an ounce, with silver and copper also hitting all-time highs, fueled by geopolitical tensions.
• Risk appetite remains firm, boosting tech stocks, despite reduced expectations for a near-term Federal Reserve rate cut.
• South Korean won strengthened after authorities intervened, while India's central bank took steps to support the weakening rupee.
• US GDP grew at a 4.3% annualized pace; discussions around Fed's 2% inflation target and potential rate cuts by a new Fed Chair emerged.

Why It Matters: Global markets show strong risk appetite with surging commodities and robust US growth, despite Fed uncertainty.