US Yield Surge Weighs on Markets, Gold Eyes Inflation Data

US stock indexes saw a Friday rebound, yet are set for weekly losses as elevated government bond yields and geopolitical tensions, including new Iran sanctions, dampen risk appetite. Concerns over persistent inflation and ballooning government debt pushed 30-year Treasury yields to a 19-year high. Investors now await next week's Personal Consumption Expenditures (PCE) data, the Fed's preferred inflation gauge, and Fed Chair Kevin Warsh's speech for clues on monetary policy. This environment of high yields and inflation concerns, alongside geopolitical risks, could create volatility for international gold prices and potentially influence the USD/PKR exchange rate in Pakistan.

بحوالہ / Source: www.brecorder.com