Daily digest market movers: Gold price rises amid high US yields and strong USD 에서

22 Jun 2024, 15:05 · Views 40

US Dollar Index prints gains of 0.405, up at 105.64, a headwind for Gold prices.
US Treasury bond yields jumped, 10-year Treasury note yield is up more than four basis points to 4.257%.
US Initial Jobless Claims for the week ending June 15 rose to 238K, exceeding estimates of 235K but lower than the previous reading of 243K.
US Building Permits declined by 3.6% in May, dropping from 1.44 million to 1.386 million. Housing Starts for the same period fell by 5.5%, from 1.352 million to 1.277 million.
Fed officials counseled patience on interest rate cuts and emphasized they would remain data dependent. Although last week's CPI report was positive, policymakers reiterated they need to see more reports like May’s data.
Despite the US CPI report showing that the disinflation process continues, Fed Chair Jerome Powell commented that they remain “less confident” about the progress on inflation.

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