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Gold at $2,030, anticipating US inflation data, supported by a weaker dollar. It marked its first weekly decline in four weeks.
Japan stocks soared, with Nikkei 225 hitting a 33-year high, outshining global peers impacted by diminishing rate-cut expectations.
On Tuesday, the pound stayed near its three-week high against the euro, touched the previous week amid expectations of an ECB rate cut before the BOE.
US inflation rose 3.1% YoY in November, as expected. However, core inflation remains high at 4%, surpassing the 2% target.
A strong NFP report boosts USD against CAD. Investors compare the figures between the two countries, which influences the exchange rate.
Gold stabilized Friday after its first 5-day gain ahead of the US nonfarm payrolls report. The Iran explosion might offer additional support.
Oil prices surged Thursday, driven by supply concerns amid disruptions in Libya and heightened Israel-Gaza war tension, extending a strong rally.
Asian stocks fell as Wall Street closed lower on 2024's first trading day. The 10-year Treasury yield surpassed 4.000%, dampening rate-cut optimism.
November job creation remains robust, with nonfarm payrolls up by 199k, surpassing the 190k estimate and outperforming October's gain of 150k.
In 2023, oil prices plunged by 10% due to geopolitical turmoil and global concerns over major producers' output levels, marking a tumultuous year.
The "Magnificent 7" ruled investments last year, with a combined market value almost matching Canada, China, Japan, the UK, and France combined.
Oil prices rebounded after a 3% drop on Friday as more shipping firms prepared to resume Red Sea routes, alleviating supply concerns.
Global stocks hit a one-year high, and the dollar reached a five-month low on expectations of early interest rate cuts by major central banks.
Asian oil prices dropped after a 2% gain, with major shipping firms like Maersk and CMA CGM resuming operations in the Red Sea.
