Gold drops below $5,000 as Fed cut expectations shift, oil falls on surplus fears, and the dollar struggles despite strong jobs data. CPI now emerges as the key catalyst for markets.
Markets turn volatile as a hawkish RBA lifts AUD to multi-year highs, gold holds firm despite strong NFP, and oil tests key resistance near $66 amid geopolitical risks and supply shocks.
The yen rallies on renewed BoJ tightening bets, the dollar weakens after soft U.S. data, and gold consolidates near $5,000 as traders prepare for key NFP and inflation releases.
Gold surged back above $5,000 as the dollar weakened, while Japan’s election triggered sharp yen volatility. Markets now brace for key U.S. jobs and inflation data amid rising cross-asset swings.
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