From Investing.com: 2024-05-10 05:43:00

The dollar fell after jobless claims increased, signalling a weaker labor market. Gold and stock markets rose on expectations of Fed rate cuts. Sterling initially dropped following no BoE rate change, but later recovered after positive GDP figures. Global markets are encouraged by softer US employment data, hinting at possible earlier Fed rate cuts. Gold prices are on the rise due to renewed rate cut speculations. Wall Street shares climb amid positive corporate earnings. Sterling fluctuates but rebounds after UK GDP data contradicts previous recession fears. Fed speakers and economic data are next in focus.



Read more at Investing.com: Dollar slides, gold shines after soft US labor market data