Analysis

USD and US bond yields declined, boosting gold prices to their highest level in over a week, briefly touching the 2030 mark; concerns over global demand overshadowed the impact of geopolitical tensions, causing oil prices to drop by over 1%.  

U.S. stock market closed for Presidents Day, Hong Kong tech stocks generally fell, with JD.com dropping nearly 3%, while Xiaomi and Tencent fell by about 1%

The Middle East conflict boosts the safe-haven appeal of gold, with gold prices continuing to rebound on Monday, edging up slightly; signs of weakened demand offset concerns over tight supply, leading to a slight increase in oil prices. 

U.S. stocks closed lower, with all three major indices posting weekly losses. AMD plummeted nearly 20%, ending a nine-day consecutive rally.

Gold saw a slight increase last Friday, but due to hot inflation data and the prospect of the Fed cutting interest rates early cooling down, gold recorded a second consecutive weekly decline with a 0.51% drop last week.  

U.S. Stocks closed higher, S&P 500 index reached another all-time high. Companies within the “NVIDIA core circle” and Super Micro Computer, surged over 14%

Dragged down by U.S. retail sales data, the U.S. dollar and Treasury yields declined, prompting a rebound in gold, which closed up by 0.6%.  

U.S. stocks closed higher, NVIDIA’s stock price surpassed Google’s, making it the third-largest company by market capitalization in the U.S.

Prior to this, US inflation data came in higher than expected, prompting investors to reduce bets on the Federal Reserve’s early rate cuts. As a result, the price of gold fell for six consecutive trading days.  

U.S. stocks closed lower, with the Dow plunging over 500 points. Most large-cap tech stocks declined, with Amazon, Microsoft, and Tesla falling over 2%