Gold fell $22 to $4,065 an ounce after a non-farm payrolls report beat estimates, lifting the US dollar. US 10-year Treasury yields slipped 2.4 basis points to 4.86 percent, while WTI crude was flat at $90.50 a barrel.
The jobs data was described as strong across the board. Daly’s later comments reinforced the hawkish reading of the figures.
Equities and tech focus
The S&P 500 rose 0.3 percent. Tech and memory stocks drew most of the attention, and neoclouds rebounded despite a report that Microsoft was cutting data center third-party rentals.
Iran diplomacy headlines were not strong enough to weigh on oil prices.
Rate outlook and next week
Next week’s earnings include CoreWeave on Tuesday and Nebius on Thursday.
