Gold futures plunge 2.68% to $4,559.80 per ounce while silver tumbles nearly 10% as surging global bond yields and rising oil prices pressure precious metals markets, with Fed rate cut expectations evaporating amid inflation concerns driven by Iran conflict and strengthening dollar.
#YonhapInfomax #GoldFutures #GlobalInterestRates #SilverPrices #FederalReserve #PreciousMetals #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=120888
[New York Gold Price] Plunges Over 2% on Global Rate Surge - Silver Tumbles Nearly 10%
Gold futures plunge 2.68% to $4,559.80 per ounce while silver tumbles nearly 10% as surging global bond yields and rising oil prices pressure precious metals markets, with Fed rate cut expectations evaporating amid inflation concerns driven by Iran conflict and strengthening dollar.
Yonhap InfomaxBank of England Holds Rates Amid Inflation Risks
The Bank of England holds interest rates at 4 percent amid high inflation and global economic uncertainty.
https://www.olamnews.com/economy/1931/international-economy-boe-holds-rates/

US Treasury Yields Rise in Asian Markets, Aligning with Global Trend
US Treasury yields rise in Asian markets, aligning with global interest rate trends, as markets digest economic data and policy signals from the US and Europe.
Yonhap InfomaxAsian shares began to rise
As S&P 500 started to surprise
Investors were on high alert
Noting signals they could avert
That global interest rates may peak
Leading markets to futures seek
#asianshares #globalinterestrates #sp500 #markets #poetry
https://www.reuters.com/markets/global-markets-wrapup-1-2023-11-09/

Yields jump, stocks fall as Powell suggests higher rates possible
Treasury yields jumped and a measure of global stocks fell on Thursday after Federal Reserve Chair Jerome Powell said policymakers "are not confident" interest rates are high enough to bring inflation down to the U.S. central bank's 2% target.
Reuters