US stocks were flat on Friday, with the Dow Jones, S&P 500, and Nasdaq hovering near record levels. Precious metals like gold and silver hit fresh highs amid geopolitical tensions and a weaker dollar. Wall Street closed the Christmas Eve session at all-time highs, entering the Santa Claus rally period.

Despite doubts about interest rate cuts, stocks are on track for solid weekly gains. The S&P 500 is up 18% this year, while the Nasdaq has risen over 20% after recovering from bear market territory. No major economic data is expected to close out the holiday-shortened week.

Coupang stock rose 6% after identifying the source of a data breach, with the leaked information of 33 million customers being deleted. Nike shares rose after Apple CEO Tim Cook doubled his stake, boosting confidence in the company’s turnaround plan. Oil prices surged this week due to US actions in Venezuela and Nigeria, while gold and silver smashed records again.

Read more at Yahoo Finance: Dow, S&P 500, Nasdaq steady as Wall Street looks to keep ‘Santa Claus’ rally going