Tariffs and expectations of interest rate cuts have driven spot gold lower, US dollar index and US stock futures rose slightly

Source: Wall Street Insights

On Friday, the 25th, driven by the easing of tariffs and expectations of interest rate cuts, global stock markets rose for the fourth consecutive day and are expected to achieve their best gain in more than two months.

Around the midday of the Asian trading session, spot gold declined in the short term, while the US dollar index and US stock futures rose slightly.

US stock futures maintained their upward trend. The S&P 500 stock index futures rose by 0.61%, the Nasdaq futures rose by 0.78%, and the Dow Jones Industrial Average futures rose by 0.17%.

The futures of the Euro Stoxx 50 Index rose by 0.7%.

The Taiwan Stock Exchange Weighted Index closed 2% higher at 19,872.73 points.

The US dollar index rose by about 20 points and is currently quoted at 99.79.

The USD/JPY's intraday gain expanded to 0.5% and is currently quoted at 143.35. The euro fell 0.5% against the US dollar to $1.1330.

The yield on the 10-year US Treasury bond changed little and was 4.31%.

Spot gold fell 1.00% intraday and is currently quoted at $3,315.30 per ounce.

Yesterday, Federal Reserve Governor Christopher Waller, who is in the spotlight, said that if the job market experiences a severe decline, it may prompt the Federal Reserve to cut interest rates more and faster.

On the other hand, US Treasury Secretary Janet Yellen said at the White House that the United States and South Korea may reach a "memorandum of understanding" on trade issues as early as next week. The German finance minister also expressed optimism about reaching a trade agreement with the United States, saying that a 90-day tariff buffer period is "feasible".

According to CCTV News, Minister of Finance Lan Fo'an stated that at present, the world economy lacks growth momentum, and tariff wars and trade wars further affect economic and financial stability. China firmly safeguards the multilateral trading system with the World Trade Organization as the core, advocates resolving trade and tariff disputes through equal dialogue and consultation, and will also firmly safeguard its own legitimate rights and interests.

【13:35】

The Taiwan Stock Exchange Weighted Index closed 2% higher at 19,872.73 points.

Spot gold fell 1.00% intraday and is currently quoted at $3,313.30 per ounce.

【13:27】

The futures of the Euro Stoxx 50 Index rose by 0.7%. The euro fell 0.5% against the US dollar to $1.1330.

【12:35】

Spot gold clearly declined by about $20 in the short term and is currently quoted at $3,325 per ounce, down 0.7%.

The US dollar index rose by about 20 points and is currently quoted at 99.79.

US stock futures maintained their upward trend. The S&P 500 stock index futures rose by 0.61%, the Nasdaq futures rose by 0.78%, and the Dow Jones Industrial Average futures rose by 0.17%.

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