"Market Surge: Fed Signals 3 Rate Cuts, Stocks Rally"

Asian markets surged after the Federal Reserve held interest rates and maintained its forecast for three rate cuts this year, with Japan's Nikkei 225 and Topix hitting record highs. Gold prices are expected to continue soaring, potentially reaching $2,300 per ounce, as central banks continue to buy bullion. Congress is scrutinizing U.S. investments in China, while Reddit has priced its IPO at $34 per share, bringing in $519 million and valuing the company at close to $6.5 billion. Additionally, a new class of weight loss drugs could impact Swiss companies with strong exposure to food categories, according to Vontobel.