Precious Metals Decline on Fed Outlook and Dollar Strength
Gold and silver prices retreated during Friday trading, with silver falling after two days of gains. The decline in the non-yielding metals was attributed to a strengthening U.S. Dollar and market expectations for a tighter monetary policy from the Federal Reserve.
US Dollar Rebounds on Safe-Haven Bids
The U.S. Dollar Index attempted to recover from a six-week low, snapping a three-day losing streak. The dollar attracted safe-haven bids amid heightened geopolitical tensions in the Middle East and ongoing bets on the Fed's policy stance, causing it to gain ground against currencies like the Euro, British Pound, and Canadian Dollar.
Global Equities Rally on Tech Sector Strength
Global stock markets broadly advanced, tracking a rally on Wall Street fueled by strong earnings from major technology companies. Renewed optimism surrounding artificial intelligence (AI) and a rebound in semiconductor stocks lifted investor sentiment and drove U.S. equity futures higher, signaling a risk-on mood in the market.
Oil Prices Ease Despite Regional Tensions
Crude oil prices fell as traders took profits following recent gains, even as geopolitical conflicts continued in the Middle East. The decline was also influenced by reports of increased maritime traffic through the Strait of Hormuz, which appeared to alleviate immediate concerns over supply disruptions.
来源