Moderna (MRNA.US) surged by 100% intraday, with its total market value surpassing $50 billions, as the company and Merck announced successful results in melanoma vaccine research. Merck (MRK.US) rose by 10%, and BioNTech increased by 17.6%.

After the release of the Federal Reserve meeting minutes, the spot gold price saw little volatility and is now up by 3.5%, quoted at $4,489.41 per ounce. As a precious metal with both safe-haven and inflation-hedging properties, the price of gold is often closely linked to the monetary policy direction of the Federal Reserve. The lack of significant fluctuation following the meeting minutes also reflects that current market expectations for Fed policy have already been largely priced in.

Federal Reserve meeting minutes: Most participants support keeping interest rates unchanged, but several participants also favor a rate hike.

Federal Reserve meeting minutes: Many participants believe that if inflation does not continue to decline, it may be necessary to maintain higher interest rates.

Federal Reserve meeting minutes: Many participants believe that if inflation fails to continue declining, it may be necessary to maintain higher interest rates. Most participants support keeping rates unchanged, but several participants are in favor of raising rates.