Author: harith

Gold prices fell on Friday as a stronger U.S. dollar and elevated Treasury yields outweighed an initial boost from weaker-than-expected U.S. employment data. Spot gold dropped 0.9% to $4,140.06 per ounce and was heading for a weekly decline of roughly 3.4%, according to Reuters. U.S. gold futures also fell 1% to $4,162.30. The move highlights the competing forces currently driving the precious metals market. Softer labor data reduced expectations for another near-term Federal Reserve rate hike, but a firm dollar and historically high bond yields continued to pressure non-yielding gold. Gold Price Falls Despite Weak U.S. Jobs Report Gold initially…

Wall Street rallied on Friday after weaker-than-expected U.S. jobs data reduced expectations that the Federal Reserve will raise interest rates at its October meeting. The September employment report showed a sharp slowdown in hiring, giving investors some relief after a volatile week dominated by rising bond yields, inflation concerns, and uncertainty over the Fed’s next move. U.S. Job Growth Slows Sharply in September U.S. nonfarm payrolls increased by just 29,000 in September, significantly below the 90,000 jobs expected by economists surveyed by Reuters. The unemployment rate also edged up to 4.2%, while previous payroll figures were revised lower. July’s employment…

The U.S. jobs report delivered a major downside surprise in September, with employers adding just 29,000 jobs as hiring slowed and the unemployment rate edged higher. The weaker-than-expected labor data quickly shifted attention back to the Federal Reserve, Treasury yields and Wall Street as investors reassessed the likelihood of another interest-rate increase in October. What Happened? U.S. nonfarm payroll employment increased by only 29,000 jobs in September, according to the Bureau of Labor Statistics. That was substantially below the roughly 90,000 jobs expected by economists surveyed by Reuters. The unemployment rate also increased to 4.2% from 4.1% in August. Meanwhile,…

Wall Street futures rose Friday as Treasury yields eased and investors prepared for the September Wall Street futures rose Friday as Treasury yields eased and investors prepared for the September U.S. jobs report, one of the most closely watched economic releases for the Federal Reserve and financial markets. The move provided some relief after a volatile period for global bond markets, while technology and megacap stocks led gains in U.S. premarket trading. What Happened? U.S. stock index futures moved higher ahead of Friday’s opening bell as Treasury yields and oil prices eased. At around 4:59 a.m. ET, futures tied to…

The 10-Year Treasury Yield surged above 5.3% on Thursday, reaching its highest level in 24 years as a sharp selloff in U.S. government bonds continued into the start of the fourth quarter. The benchmark yield climbed as high as 5.342%, its highest level since early 2002. The move extends one of the most aggressive periods of selling in the Treasury market in decades and has important implications for stocks, the U.S. dollar, mortgages and global borrowing costs. What Happened to the 10-Year Treasury Yield? U.S. government bonds remained under heavy pressure on October 1, pushing long-term yields to multi-decade highs.…

Wall Street rises after a softer-than-expected U.S. inflation report gave investors some relief from concerns that the Federal Reserve could raise interest rates again as soon as October. The latest Personal Consumption Expenditures price data showed inflation running below economists’ forecasts in August. That helped reduce immediate rate-hike expectations and supported U.S. equities, particularly technology and growth stocks. Still, inflation remains above the Federal Reserve’s 2% target. Investors therefore face a more nuanced outlook: price pressures appear to be cooling, but the debate over additional monetary tightening is far from over. What Happened on Wall Street? U.S. stocks moved higher…

The U.S. dollar is heading toward its strongest monthly performance against the euro in more than a year as resilient U.S. economic growth, elevated Treasury yields and shifting interest-rate expectations continue to support the greenback. The dollar has gained nearly 2.3% against the euro during September, putting it on course for its biggest monthly advance against the single currency in 14 months. The euro traded near $1.135 on Wednesday, remaining close to levels not seen since May 2025. The move highlights a widening contrast between the U.S. and euro-area economic and monetary-policy outlooks. What Happened to the U.S. Dollar? The…

Gold prices rebounded on Tuesday after touching their lowest level in seven weeks, but the recovery remains under pressure as investors weigh rising U.S. Treasury yields, a stronger dollar and the possibility of further Federal Reserve interest-rate increases. Spot gold rose about 0.7% to $4,142.89 per ounce, while U.S. gold futures settled 0.3% higher at $4,179.70. The move followed a sharp selloff that had pushed spot gold as low as $4,110.55, its weakest level since August 5. The rebound suggests buyers are returning after the recent decline. However, the broader macroeconomic environment remains challenging for the precious metal. What Happened…

Technology stocks moved higher on Tuesday as renewed enthusiasm around artificial intelligence helped investors look past some of the pressure coming from elevated bond yields and energy prices. The technology sector strengthened in both the United States and Europe, with fresh attention turning toward the enormous investment expected to support the next phase of AI development. However, the market backdrop remains complicated. Treasury yields are still historically high, oil remains elevated, and investors continue to reassess how long interest rates may stay restrictive. That leaves markets balancing two powerful forces: optimism about AI-driven growth and concern about higher borrowing and…

The dollar is near a two-month high as rising U.S. Treasury yields, elevated oil prices, and growing expectations for further Federal Reserve tightening support the American currency. The move comes during another volatile period for global markets. Higher energy prices are keeping inflation concerns alive, while resilient U.S. economic activity has encouraged traders to reassess how high interest rates may need to go. Currency traders are now turning their attention to a busy U.S. economic calendar for additional clues about the Federal Reserve’s next move. Dollar Near Two-Month High as Yields Rise The U.S. dollar remained close to its strongest…