Asian markets slid as US CPI showed inflation accelerating, sending Treasury yields higher. Oil prices jumped after the Iran conflict, adding fresh inflation pressure and lifting expectations that the Federal Reserve could still hike as late as 2027. Analysts warn the equity rebound may wobble, with chipmakers and rate sensitive stocks facing extra strain.
Gold prices rose as markets priced in potential outcomes from an awaited Trump Xi meeting and closely watched fragile ceasefire negotiations involving Iran. Traders are also looking ahead to U.S. CPI data, viewing it as a key signal for the Federal Reserve’s next interest rate moves. Risk sentiment and rate expectations are driving the commodity’s momentum.
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