Global financial markets are under growing stress as government bond yields climb to multi-decade highs while gold prices surge to new records. The opposing moves highlight investor uncertainty and the fragile balance policymakers face between inflation control and economic growth.
Markets are pricing in close to a 90% probability of a Fed rate cut this month.
The week opened with U.S. data in focus, France facing another government crisis, and junk bond spreads flashing warnings, while gold, silver, Brent, and Bitcoin showed mixed moves.