Wall Street hit pause after a record-breaking run, with tech stocks under pressure as Fed Chair Jerome Powell gave no hint on future rate moves. Nvidia slipped following news of OpenAI’s $100 billion deal, while U.S. Treasuries declined for a fourth straight day on cautious Fed commentary. In commodities, oil rose $1 a barrel as the restart of Kurdish exports stalled, while gold surged to a new record high on safe-haven demand. Back home, Aussie shares are expected to snap a three-day winning streak ahead of key inflation data.

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