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Tesla, Inc. fell more than 2% before trading. The United States launched a formal investigation into his autopilot.
Tesla, Inc. dived before the market and is now down more than 2%. According to the Associated Press, the United States has launched a formal investigation into Tesla, Inc. 's autopilot.
The Fed's weight reduction pressure has greatly reduced, but the institutions have issued a warning to the gold bulls?
Original title: Fed weight reduction pressure greatly reduced, but institutions issued a warning to gold bulls? Gold prices retreated from an one-week high on Monday as the dollar rose slightly, but US consumer confidence fell sharply, easing some fears that the Fed would scale back its bond purchases. However, UBS Group AG warned investors that they should reconsider their investments in gold as the global economy recovers and the dollar is expected to strengthen next year. The higher dollar put pressure on the gold price, but the Fed reduced the weight pressure or eased the opening price of the gold market on Monday, but failed to maintain the momentum and continued to face the $1780 mark.
Former US Treasury Secretary Summers was surprised that bond yields fell at a time when inflation rose unexpectedly.
Former U.S. Treasury Secretary Lawrence Summers said that although he still thinks the economy is overheating, he did not expect the recent fall in bond yields. "I didn't expect this decline in nominal yields," Summers said in an interview with Wall Street Week's David Westin. "I was taken aback. I thought yields should go up even more. " Although the government reported that CPI surged 5 per cent in May from a year earlier, the biggest increase since 2008, the yield on the key 10-year Treasury note fell to a three-month low of 1.43 per cent on Thursday. Close on Friday
The two major crude oils in the US and Brazil both rose more than 7% this week
Crude oil futures prices closed higher on Friday in the early morning of the 6th Beijing time. US WTI crude oil and London Brent crude oil both rose more than 7% this week, closing at their highest levels since 2019, respectively. OPEC+ decided to maintain production restrictions until the end of April, supporting oil prices. Saudi Arabia also announced an extension of its commitment to actively cut production by 1 million b/d until the end of April. The country was scheduled to end active production reduction measures by the end of March. West Texas Intermediate (WTI) futures for April delivery on the New York Mercantile Exchange rose $2.26, or 3.5%, to close at $66.09 per barrel. May delivery on the London Intercontinental Exchange
Gold futures fell 0.1% on Friday and fell below the $1700 mark.
In the early morning of the 6th Beijing time, gold futures prices fell below the $1700 mark on Friday, recording a third consecutive week of decline. After the better-than-expected non-farm payrolls report in February, the dollar index rose to a three-month high and US bond yields briefly exceeded 1.6 per cent. Treasury yields rose at the same time as the dollar, putting gold under double pressure. Analysts say rising bond yields make gold less attractive than bonds. The rise in Treasury yields has put more short-term pressure on gold prices than long-term inflation expectations. Gold futures for April delivery fell 2.2 on the New York Mercantile Exchange.
Brainard, a governor of the Federal Reserve, said the recent bond market trend had "caught" her attention.
Fed governor Lael Brainard said it would take "some time" to meet the conditions set by the Fed to slow down bond purchases, while noting the recent bond market turmoil. "I'm keeping a close eye on the market," she said in response to questions after Tuesday's speech. "Last week, some of the trends and the speed of development caught my attention." She also said she would be worried if chaos was found or financing conditions continued to tighten, which could lead to a later achievement of the Fed's targets. Yields on 10-year US Treasuries have risen sharply, fuelling speculation that the Fed may take action to prevent damage to the economic recovery, including buying