Last Friday (May 10th), due to the significantly higher than expected one-year inflation expectations in the United States and hawkish comments from Federal Reserve officials, the US dollar index recovered all lost ground during trading and turned higher, ultimately closing 0.09% higher at 105.32. The 10-year US Treasury yield surged during trading, closing at 4.500%. The yield on the 2-year US Treasury, which is most sensitive to the Federal Reserve's policy interest rates, ultimately closed at 4.874%.

Gold prices rose 0.6% last Friday (May 10th) to close at $2360.75 per ounce, marking the best weekly performance in five weeks. The recent weak US employment data strengthened expectations for the Federal Reserve's interest rate cut, driving the rise of non yield gold.

Due to comments from Federal Reserve officials indicating that interest rates may remain high for the long term, this may hinder global crude oil demand. Oil prices fell last Friday (May 10th). WTI crude oil fell almost cliff like during the US session and briefly hit an intraday low of $77.79, ultimately closing down 1.75% at $77.81 per barrel; Brent crude oil fell 1.66% to $82.50 per barrel last Friday (May 10th).