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Gold prices rose Monday after hitting a record high. Amid Middle East tensions, bullion began a fourth consecutive week of gains.
Oil surged to $90 on Friday due to tensions in the Middle East. Iran vows retaliation after an alleged Israeli attack on its Syrian embassy.
US stocks plunged Wednesday as unexpected inflation dashed hopes of a June rate cut. Treasury yields hit 4.5%, the highest since November.
US gas prices rose Wednesday, buoyed by recovery signs in Europe and Asia and robust US growth, extending this month's rally with other commodities.
Gold prices climb for the 8th day due to central bank buying and geopolitical tensions, ignoring the strong jobs report.
The US March CPI at 3.2%, surpassing expectations, may delay Fed rate cuts. Energy costs are up 2.3%, a sustained trend for 9 months.
April 8 CAD was near a 4-mo low. Weak job data may lead to a BoC rate cut. Oil falls, USD strength presses, and CAD falls. Resistance is at 1.3430.
BLS reported a 275k rise in nonfarm payrolls, with the jobless rate at 3.9%. Economists expected 198k new jobs, according to Dow Jones' survey.
Thursday's oil prices rose on supply concerns from output cuts and geopolitical tensions, outweighing a surprise increase in US crude stocks.
On Wednesday, the Australian dollar continued to weaken against the US dollar, down about 4.5% this year due to global economic uncertainties.
ADP's Feb. employment report: 140K nonfarm private jobs added, up from 111K in January. But it falls short of the expected 149K new private jobs.
Gold trimmed gains on Tuesday after hitting a new high. Expectations of Fed rate cuts drove the rally as US inflation eased in the past month.
On April 1, Asian stocks rose as A-shares rebounded. S&P 500 surged 10% in Q1. The NASDAQ 100 shows MACD divergence; watch the 50-day EMA.
The core PCE price index rose 2.8% YoY in January, indicating a shift towards services as the economy rebounds from COVID disruptions.
