Nvidia selloff deepens, adding to AI jitters - Reuters

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  Precious metal markets are facing intensified pressure as unexpected consumer price increases prompt traders to price in guaranteed Federal Reserve policy tightening next month. Elevated borrowing costs diminish the appeal of non-yielding bullion by increasing the opportunity cost for institutional investors. Meanwhile, regional hubs like Singapore are actively maneuvering to expand their domestic gold infrastructure amid global market volatility.

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• Dollar gains traction as Fed speakers warn of risks from inflation

  Recent consumer price data highlighted escalating costs for shelter and groceries, prompting policymakers to signal that monetary tightening must continue. Markets reacted swiftly by virtually eliminating bets on an upcoming interest rate pause, which pushed benchmark bond yields sharply upward. This aggressive policy stance has simultaneously exerted broad pressure across speculative assets, including major cryptocurrencies.

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