S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
ING strategists Warren Patterson and Ewa Manthey observe that Gold stabilized after dropping below the $4,000/oz mark earlier in the week, supported by lower US Treasury yields following softer US inflation data. However, they emphasize that a stronger Dollar and reduced expectations for near-term Federal Reserve easing continue to weigh on investor sentiment, with Silver also struggling after the broader precious metals selloff.
Lower yields offset strong Dollar
“In precious metals, gold steadied after falling below the $4,000/oz level earlier in the week, finding support from lower Treasury yields following softer US inflation data.”
“Silver also edged higher but remains under pressure following this week’s broader selloff in precious metals.”
“Still, a stronger dollar and reduced expectations for near-term Federal Reserve easing continue to weigh on investor sentiment.”
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