US jobs data shifts bond and gold markets
The article discusses the impact of U.S. labor market data on monetary policies, noting that the strength of the job market has increased the likelihood of a rate hike at the upcoming Federal Reserve meeting. Treasury yields, for example, have risen, with the 30-year bond yield reaching its highest level since 2007 at 5.34%. The article also predicts that a single rate increase will not be enough to curb inflation, amid ongoing concerns over rising bond yields and the expanding issuance of government bonds. Additionally, the gold market continues to climb, with forecasts suggesting that the price of an ounce could reach $4,800 or even $5,050 by the end of the year. The strength of the dollar against the yen, however, remains dependent on the policies of the Bank of Japan.
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