Impact on each asset
USD ▼US dollarHeadwind
XAU ▲GoldTailwind
US ▼US stocksHeadwind
SET ■Thai stocksLimited
BTC ■CryptoLimited
Summary
Gold rose to $4,200–$4,213 per ounce, up 1.3% on Friday, as the 10-year Treasury yield retreated from its recent high of 5.36%, signaling the market's expectation of softer inflation data ahead.
Why it moves markets
Gold climbs when the dollar and bond yields ease during Friday's session, as investors anticipate weaker inflation signals that could allow the Fed room to cut rates later. The hawkish yield rout of recent days appears to have exhausted its fuel.
Similar past event: The Fed's first cut: 0.50% (18 Sep 2024)
The first rate cut is usually already priced in; what happens next depends on the following economic data. Don't assume the dollar will weaken for long just because the Fed cut once. See details
The first rate cut is usually already priced in; what happens next depends on the following economic data. Don't assume the dollar will weaken for long just because the Fed cut once. See details
Deeper view and what to watch
As yields and the dollar stabilize from week-to-peak levels, gold tests rising support. Next week's CPI and PPI data will determine whether inflation remains hot or the Fed gains cutting room. Geopolitical anxiety over China and regional conflict has faded to background noise for now.
For education only, not investment advice. Prices and figures change constantly, so check the sources before making decisions.