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Global markets face a period of uncertainty as a Wall Street selloff, led by tech stocks, conflicts with falling Treasury yields, muting the U.S. dollar's reaction.
Gold prices suffered their sharpest weekly loss since October, falling 2.71% after the Federal Reserve signaled a more cautious approach to future rate cuts.
Global stock markets rallied on Monday, driven by investor optimism ahead of key corporate earnings reports and a slight pullback in U.S. Treasury yields.
U.S. stocks closed higher on Friday, halting a three-day slide after a key inflation report met expectations, but major indexes still ended the week with losses.
The U.S. dollar rallied significantly after government data showed stronger-than-expected economic growth and higher inflation for the second quarter.
Major U.S. stock indexes fell for a third consecutive day, the longest losing streak since March, as strong economic data fueled concerns about interest rates.
U.S. stocks fell for a second straight day, with the Dow, S&P 500, and Nasdaq all declining as Treasury yields rose and investors awaited key inflation data.
