Finance

Global investors are flocking to the U.S. dollar, betting that the artificial intelligence boom will help the world’s largest economy perform strongly this year and force the Federal Reserve to keep interest rates high. According to data from the Commodity Futures Trading Commission (CFTC), bullish bets on the dollar rose last week to their highest

• Wells Fargo recently raised its S&P 500 index target for end-2026 to 7,950 from 7,300. • The upward revision is attributed to stronger corporate earnings, an interim U.S.-Iran agreement that eased macroeconomic risks, and a recent market pullback that reshaped investor sentiment. • The new target implies the S&P 500 still has nearly 6%

Gold remains in a broad consolidation phase as investors await greater clarity on interest rates and inflation, but the long-term bullish thesis remains intact. Analysts note concerns over currency devaluation, potentially lower real interest rates, and, most importantly, the possibility that central banks may accelerate gold purchases again after this year’s economic slowdown. June 17

JPMorgan expects AI hyperscale data center operators to invest approximately $5.5 trillion by 2030, an increase of $400 billion from its previous forecast. Of this total, about $4.1 trillion is expected to come from debt financing, indicating that these companies will rely on borrowed funds to cover a larger proportion of their expenditures. The bank