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Hot Jobs Report Drives Yields Higher as Gold Slumps and Rate Fears Return

Benzinga Prediction Markets Read original source (opens in a new tab)
The Story

News Summary

  • A blowout U.S.
  • jobs report drove Treasury yields higher and renewed Fed rate-hike bets, pressuring equities and sending gold down 1.4%.
  • Meanwhile, memory stocks surged despite macro headwinds as acute DRAM and NAND shortages, fueled by AI server demand, are projected to surge prices over 50%.
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Stored market data

XAUUSD price history

4408.90 -4.49% over the displayed period

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