Gold prices surged to a record high of ,250 per troy ounce, driven by persistent inflation concerns and a weakening US dollar. Silver also gained momentum alongside gold, while the S&P 500 index traded above 7,000 points after hours. Australian inflation data surprised markets with an unexpected rise, adding pressure on central banks. WTI crude oil approached a four-month high amid supply constraints and geopolitical tensions. Investors are closely watching upcoming policy meetings by the Federal Reserve and the Bank of Canada for potential rate decisions that could impact global markets.