Inflation and Bond Movements: Predicting the U.S. bond market in 2024 remains challenging as Treasury yields have reached the highest levels in four weeks.
Despite this, UBS strategists expect bond yields to decline by the end of the year due to broad economic factors.

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Gold Prices Decline

Inflation and U.S. Bond Movements

Natural Gas Price Increase

Gold Prices Decline

Gold prices faced downward pressure during Friday’s trading session due to the rise in U.S. 10-year Treasury yields,
which increased by 0.15% to around 4.559%.
This has made bond investment more attractive than gold, affecting gold’s performance in the current session.

Statements from U.S. Federal Reserve members also impacted gold trading.
They indicated it is too early to consider lowering interest rates and that the labor market remains strong.
This supports rising inflation expectations in the U.S. and suggests that the Fed will unlikely lower rates soon.
Consequently, tight monetary policy is expected to persist for a prolonged period,
negatively affecting gold’s performance in the current trading session.

Inflation and U.S. Bond Movements

Predicting the U.S. bond market in 2024 remains challenging, as Treasury yields have reached their highest levels in four weeks.
Despite this, UBS strategists expect bond yields to decline by the end of the year due to broad economic factors.

U.S. inflation is a significant factor influencing bond yields.
According to the latest report from the Federal Housing Finance Agency, U.S. home prices rose by 0.1%
In March, compared to the previous month, there was a marginal increase lower than the 1.2% rise in February.
Yearly, prices increased by 6.7% in March, down from the 7.1% increase in February.

Natural Gas Price Increase

Natural gas futures rose during Friday’s trading session in the U.S. According to the New York Mercantile Exchange,
July natural gas futures traded at $2.62 per million British thermal units, an increase of 1.87%.

Previously, natural gas futures traded at a high of $2.62 per million British thermal units.
Natural gas may find support at $2.417 and resistance at $2.853.

The U.S. Dollar Index, which measures the performance of the U.S. dollar against a basket of six other major currencies,
fell by 0.06% to trade at 104.60. Meanwhile, July crude oil prices dropped by 0.78% on the NYMEX platform,
trading at $77.30 per barrel. Heating oil prices for July rose by 0.19%, trading at $2.39 per gallon..

Inflation and Bond Movements

Inflation and Bond Movements

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