Impact on each asset
USD ▲▲US dollarStrong tailwind
XAU ▼GoldHeadwind
US ■US stocksLimited
SET ▼Thai stocksHeadwind
BTC ■CryptoLimited
Summary
FXStreet reports the US dollar rallied to its highest since April 2025 as investors looked past Friday's weak jobs data. Kitco put gold at $4,128.00, down $11.80 on the day. After payrolls, gold hit a weekly peak of $4,227 before sellers pushed it below $4,150, and USD/JPY was back above 158.00.
Why it moves markets
When the dollar and US yields rise, the cost of holding non-yielding gold rises too, which tends to weigh on prices. Markets are giving more weight to a hawkish Fed than to soft jobs data, which keeps the dollar supported.
Deeper view and what to watch
Watch whether the dollar holds its highest level in about a year and a half and whether gold stays above the day's low of $4,122.60. USD/JPY above 158.00 reflects bets on a more hawkish BoJ, another factor to follow. The actual ISM Services PMI for 5 Oct was not found (forecast 55.1, prior 55.4).
For education only, not investment advice. Prices and figures change constantly, so check the sources before making decisions.