Cathie Wood Warns US Dollar Could Surge, Shaking Markets
Cathie Wood says the dollar is stronger than investors think and may surge, citing a Fed index showing it 44% above the long-term average.
Cathie Wood says the dollar is stronger than investors think and may surge, citing a Fed index showing it 44% above the long-term average.
US added only 29K jobs in September, missing forecasts by 61K. Bitcoin and gold jumped, and $27.5M in short BTC bets were liquidated.
European stocks are up and Treasury yields are off their highs as investors await US jobs data; oil is lower and gold is steady near $4,180.
Dovish Fed remarks support gold above 4,140; all eyes on US NFP data.
Gold trades in a narrow range below $4,200, with focus on the upcoming US non-farm payrolls report.
Asian trading was subdued as investors awaited US payrolls, the dollar stayed firm, and Tokyo's core CPI hit a 10-month high.
US dollar broadly firmer; USD/JPY dropped 50 pips then rallied to finish higher; crude oil rose on geopolitical headlines.
BofA reiterates a $5,000 gold outlook for 2027 but warns oil, yields and fragile ETF positioning could push prices toward $3,750 first.
Frank Holmes explains why Bitcoin mining is a 'tier one' AI data center and expects $100 trillion in money printing, favoring Bitcoin and gold.
Darius Dale says a drop in funding liquidity may cause near-term volatility, but if liquidity returns in 2027, Bitcoin could rise over 12-18 months.
Gold rises $9 to $4,169 but remains capped by the 100-hour moving average, keeping sellers in control.
Treasury yields briefly hit 2002 highs, boosting the dollar and pressuring European stocks, while oil rebounded.
Morgan Stanley outlines three supports for gold despite a 3.8% decline this year: central bank buying, bond intervention, and oil-linked inflation.
Gold prices rallied briefly after soft PCE data before reversing. The focus is on the US-Iran impasse and the upcoming NFP report.
Gold rose 0.4% to $4,170 but remains below $4,200 as elevated Treasury yields limit recovery conviction.