U.S. stock indexes experienced fluctuations over the past two days, with the S&P 500 initially holding gains after the S&P Global Flash PMI data for August. However, by the end of the trading day on August 22, the S&P 500 declined by 1.00%, and the Nasdaq 100 fell by 1.5%. The following day, stocks rebounded, with the S&P 500 gaining 1.00% after Federal Reserve Chair Jerome Powell indicated that the time had come for interest rate cuts. This announcement positively impacted gold prices, which saw a significant rise, with spot gold climbing 1% and reaching back above $2,500. The market reacted to Powell's remarks, leading to a spike in gold prices as traders anticipated lower rates and adjusted their positions accordingly.