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Wall Street's main indexes surged by 2%, and European shares rose over 1% on Thursday as central banks paused tightening.
Nonfarm payrolls rose by 336,000 in September, surpassing the Dow Jones forecast of 170,000 and exceeding the prior month by over 100,000.
Oil markets are tense due to the Middle East conflict. The Fed maintains rates, and economic data hints at a slowdown.
To curb surging inflation, the Fed has hiked rates 11 times since March 2022, with a September pause. Powell stays cautious about ending the battle.
Gold opened lower on Wednesday ahead of the Fed meeting. Bullion saw its best performance in October since March thanks to the Israel-Hamas conflict.
Oil prices rebounded on Tuesday, recovering from a 3% drop the previous day. Concerns about supply disruptions due to the Israel-Hamas conflict eased.
Gold, up three consecutive weeks, attracts investors amid a risk-off mood, holding above $2000 and defying elevated Treasury yields.
US stocks fell Thursday, led by NASDAQ, as investors assessed mixed earnings and rising interest rates. All major indexes are set for weekly losses.
The yen slumped back past 150 per dollar again, raising the risk of forex intervention and piling pressure on the BOJ to adjust monetary policy.
Oil prices stabilize after three consecutive falls, with discouraging European economic data casting uncertainty on fuel demand.
Gold prices rose as US Treasury yields retreated from above 5%, driven by the Israel-Hamas conflict, with gold surging in the past two weeks.
The yen weakened past 150 against the dollar due to the Japan-US yield gap, driving carry trades and global efforts to manage Middle East tensions.
Gold reached a 3-month high amid Middle East tension, while the Fed Chair voiced concerns over high inflation. Gains continue for a 2nd week.
Oil prices dropped on Thu after a 2% gain. Iran seeks oil embargo on Israel, and US crude stocks fell exceeding forecasts.
