The U.S. dollar index was steady on March 25, after falling as much as 0.4 percent earlier, while the yield on the 10-year U.S. Treasury bond surged 11 basis points to 2.48 percent, as traders' expectations for a rate hike by the Federal Reserve strengthened. As the Russian-Ukrainian war and accelerated global inflation spurred the inflow of funds into safe-haven assets, spot gold rose for the third day in a row, closing at around $1,958 in late trading. Brent oil rose more than 1 percent, recovering to $5 from a session low, and has risen nearly 11 percent this week as traders weighed attacks on Saudi oil facilities and the potential release of U.S. oil reserves.
steady on Friday (March 25) , up 0.56% this week, its sixth weekly gain in the past seven weeks; benefiting from its status as a safe-haven asset, and the Ukraine conflict boosted people's expectations that the Fed will Rate hike expectations. rose nearly 2 percent this week, as concerns over the war in Ukraine and rising prices bolstered its appeal as a safe-haven and inflation hedge. Oil prices posted their first weekly gain in three weeks as the European Union continued discussions on how to reduce its reliance on Russian energy and Saudi energy assets were attacked.
In terms of commodities closing, COMEX April gold futures closed down 0.4% at $1,954.20 per ounce; WTI May crude oil futures closed up $1.56, or 1.39%, at $113.90 per barrel; Brent May crude oil futures closed up 1.62 The U.S. dollar rose 1.36 percent to $120.65 a barrel.
U.S. stocks closed: rose 0.5% to 4,543.06 points; the Average rose 0.4% to 34,861.24 points; the Nasdaq Composite fell 0.2% to 14,169.3 points; the Nasdaq 100 fell 0.1 % to 14,754.31; the Russell 2000 rose 0.1% to 2,077.983.
List of major global market conditions
as investors grappled with risks to the economic recovery from tightening monetary policy and the Russian-Ukrainian war . But despite market volatility, stocks posted their second week of gains. "I think this week is a good demonstration of why we shouldn't be too concerned about the short-term and volatility or headlines because obviously it's rebounding as fast as it's falling," said Nancy Daoud, CEO and private wealth advisor at Ameriprise Financial Services LLC. Quick, this is a very good proof that holding strategies is much better and more effective than timing.
Precious Metals and Crude Oil
Gold rose for a third straight session as Russia's war with Ukraine and accelerating global inflation spurred flows into safe-haven assets. was largely steady on Friday, closing near $1,958, after rising nearly 2 percent over the past two sessions after the U.S. announced a new package of sanctions against Russia, adding 1.9 percent for the week.
steady on Friday as crude oil prices reversed earlier weakness, adding to pressure on the Federal Reserve to aggressively fight inflation. Market volume was moderate and oil-sensitive currencies strengthened after reports of a fire at an oil facility at Saudi Aramco. Unwinding ahead of the weekend helped the yen pared its losses for the week.