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Jobs data dimmed Fed rate-cut hopes; the dollar edged up Friday, gold gains capped.

CWG Markets | 2025-06-09 13:32

Abstract:Last Friday, the US dollar index rose and recovered the 99 mark, finally closing up 0.491% at 99.22, as the non-farm data exceeded expectations and weakened the hope of the Federal Reserve to cut inte

Last Friday, the US dollar index rose and recovered the 99 mark, finally closing up 0.491% at 99.22, as the non-farm data exceeded expectations and weakened the hope of the Federal Reserve to cut interest rates within the year.The yield of US treasury bonds rose sharply, with the benchmark 10-year US treasury bond yield rising by more than 10 basis points to close at 4.512%, and the 2-year US treasury bond yield exceeding 4% to close at 4.045%.On Monday (June 9), spot gold rose slightly in the morning session in Asia, currently trading around $3317.62 per ounce, up about 0.18%. The large-scale riots in Los Angeles, USA, attracted some safe-haven buying to support the gold price. International crude oil prices rose for the second consecutive day as concerns about the economic slowdown dampening demand for crude oil eased.WTI crude oil stood at $64/barrel, and finally closed up 2.36% at $64.11/barrel;Brent crude oil closed up 2.04% at $66.37 per barrel.

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CWG Markets
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Website:https://www.cwgchinese.com/
5-10 years | Regulated in United Kingdom | Regulated in South Africa | Regulated in Vanuatu
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