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American Treasury yields saw an increase on Friday. This happened even after weak economic data hinted at possible policy easing. The 10-year note yield hovered around 4%. Investors are awaiting retail sales data. The Federal Reserve meeting is scheduled next week. Markets anticipate a rate cut. The Fed's future guidance remains uncertain.
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Gold prices are soaring, nearing record highs, fueled by expectations of a Federal Reserve rate cut amid a weakening U.S. labor market. Spot gold reached $3,649.54 per ounce, boosted by recent jobless claims data. UBS analysts predict a rise to $3,900/oz by mid-next year. Silver, platinum, and palladium also saw gains, with silver hitting a 14-year high.
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Oil prices experienced a surge following a Ukrainian drone strike that halted loadings at a key Russian port. However, concerns about U.S. demand, fueled by a revised jobs report and rising inflation, limited gains. While attacks on Russian energy infrastructure could curb exports, potential tariffs on India and China, along with increased global supply, added to market uncertainty.
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News and Media
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