US Markets Show Positive Signs Premarket

In a surprising turn of events, US stocks experienced a significant uplift in premarket trading on Monday. This surge followed President Donald Trump's announcement of imposing a 25% tariff on all steel and aluminum imports. The decision has notably benefited US Steel, whose shares soared by an impressive 11%.

Gold Reaches Record High

Meanwhile, gold prices have reached a new record high of $2,892 earlier today, indicating a strong preference for safe-haven assets among investors amidst the current market dynamics.

Earnings Season in Full Swing

As the earnings season progresses, all eyes are on McDonald's, which is set to report its earnings today. The week ahead is packed with earnings reports from various companies, promising to keep investors on their toes.

At 4:25 am ET, the Dow Jones gained 0.28%, the Nasdaq 100 added 0.59%, and the S&P 500 improved by 0.39%. The euro traded flat against the dollar, standing at 1.03277 at 4:26 am ET.