April 10, 2026 — Spot gold maintained a high-level fluctuation in Friday’s early session, trading around $4,760. Although gold prices previously rose due to a weaker dollar, the market is currently caught in a delicate tug-of-war. Investors are closely monitoring the fragile stability of external agreements, with marginal risks of friction providing a floor for gold. Meanwhile, today’s U.S. March CPI data is a key battleground for bulls and bears. The market is waiting to see if the inflation path will alter the policy pace; gold remains in a solid consolidation phase below key resistance levels.
In the energy market, oil prices are hovering at $98.43, with high sentiment confrontation. Despite signals of communication to ease tensions, disagreements on key points and stalled negotiations have cast a shadow over supply prospects. As external uncertainties brew, oil may test the $100 psychological level again. Overall, risk-induced premiums are unlikely to dissipate soon, and the commodities market is on the eve of a new wave of volatility.
Asset Performance & Fundamental Analysis
1. U.S. Stock Market
Indices:
- Dow Jones (DJI): 48,185.80 (+0.58%). Showed strong defensive attributes as capital moved toward value and industrial blue-chips.
- S&P 500 (SP500): 6,821.60 (-0.10%). Narrow fluctuations above 6,800
- Nasdaq 100 (NQ1!): 25,216.00 (-0.14%). Tech stocks remained weak due to interest rate expectations and valuation pressures.
Stock Focus:
- Amazon (AMZN) rose 5.60%; Intel (INTC) rebounded 4.70%. In contrast, Apple (AAPL) and Tesla (TSLA) gains were within 1%.
2. Forex Market
- US Dollar Index (DXY): 98.919 (+0.13%). Hovering below the 99 mark.
- USD/JPY: 159.176 (+0.11%). Approaching the critical 160 level.
- EUR/USD: 1.16879 (-0.09%). Pressured by weak local economic fundamentals.
3. Precious Metals & Commodities
- Gold (XAUUSD): $4,753.33 (-0.25%). Technical correction as the dollar stabilized.
- Silver (XAGUSD): $75.156 (-0.18%). Following gold’s adjustment but staying above $75.
- Crude Oil (XTIUSD): $98.57 (+0.57%). Nearing $100 due to geopolitical supply risks.
4. Crypto Assets
- Bitcoin (BTCUSD): $71,896 (+0.12%). Consolidating around the $72,000 mark.
- Ethereum (ETHUSD): $2,190.47 (+0.01%). Underperforming BTC, remaining weak below $2,200.
5. Today’s Focus
- China CPI & PPI (YoY)
- Canada Employment Change & Unemployment Rate
- US Core CPI & CPI (MoM & YoY)
- University of Michigan Consumer Sentiment & Inflation Expectations
