Weekly Analysis

Global financial markets last week saw a strong rally in the U.S. dollar, weak performance in metals, and gains in Treasury yields. The dollar's surge, driven by inflationary expectations and geopolitical developments, weighed heavily on other currencies and commodities.

The dollar index closed higher with expectations of inflationary policies under Trump’s presidency.

Gold gained early in the week before retreating with silver also losing as Fed rate cut expectations weakened.

The week highlights U.S. consumer confidence and job openings data, with gold and silver prices impacted by geopolitical tensions and a stronger dollar. Market expectations for Eurozone rate cuts influence the EUR/USD pair, while the British Pound faces downward pressure amid fiscal concerns.

Gold and silver rose amid geopolitical tensions, while the Dollar Index gained from strong U.S. data. Chinese stimulus boosted silver, and global currencies weakened, but stock indices climbed on positive earnings.

Get insights on key events from this week including rate cuts by the RBNZ, ECB projections, CPI data, and jobless claims.

Next week, we will face producer and consumer inflation data in the U.S. Additionally, we will review the minutes from the last FOMC meeting to gather insights into the Fed's interest rate cut policy. 

Gold surged to new highs last week as tensions in the Middle East and a weaker dollar drove a rally in metals, with silver also testing its yearly peak.