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United States Baker Hughes US Oil Rig Count above forecasts (483): Actual (489)

Gold price crashed over 2.8% as Powell turn hawkish on tariffs and inflation

Gold prices extend their drop for the second consecutive day, hitting a seven-day low of $3,023 per troy ounce, down more than 2.80% as Federal Reserve Chair Jerome Powell turned hawkish in a conference in Virginia.
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US Dollar lifted by Nonfarm Payrolls surprise and Powell’s cautious stance

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, rises on Friday and is trading near the 103 area following a stronger-than-anticipated Nonfarm Payrolls report.
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