Market Insights
Trading Tools
Gold prices steadied above $2,400 on Monday after falling over 2% in the last session due to profit-taking following its rise to an all-time high.
Oil prices fell on Friday, heading for a second weekly decline as mixed economic signals and a stronger dollar dampened investor sentiment.
The S&P 500 and Nasdaq 100 tumbled Wednesday due to tech sector rotation. The Dow gained modestly, marking its third straight record-closing high.
Gold hit a record high, and bonds rallied as traders bet on the Fed cutting rates three times this year, backed by Goldman Sachs.
The yen was volatile Friday after the BOJ conducted rate checks, reinforcing perceptions of earlier market intervention to prop up the currency.
The Canadian dollar hit a 12-day low on Tuesday after a BOC survey indicated declining inflation, increasing expectations for a rate cut this month.
Gold steadied above $2,400 on Monday as cooling inflation and a drop in US consumer prices raised hopes for a Fed rate cut in September.
Australian dollar nears six-month highs Friday, expecting two Fed rate cuts, faces challenges from upcoming China economic data next week.
Oil prices rose early Friday in Asia due to strong summer demand and easing US inflation, boosting investor confidence.
In May, US consumer prices were flat as cheaper gasoline offset higher rental costs, but inflation remains too high for Fed rate cuts.
The FTSE China A50 Index and Hang Seng Index rebounded sharply Thursday but still lag other major stock markets that hit record highs this year.
Japan’s Nikkei 225 hit a new record high with a nearly 2% rise on Tuesday, fueled by surging investor interest from both local and foreign markets.
Global equities fell Tuesday, Treasury yields rose on Powell's cautious tone, while the S&P 500 and Nasdaq 100 continued their record highs.
Gold steadied on Tuesday after a 1% decline due to a stock market rally and investor profit-taking. Asian buying enthusiasm also cooled down.
