Gold remains supported above $5,000 after strong US jobs data

Gold (XAU/USD) holds firm on Wednesday after coming under brief pressure following an upbeat US labour market report. At the time of writing, the metal trades near $5,070 after bouncing from an intraday low of $5,018.

Riksbank: Stable policy stance supports Krona – ING

ING’s Francesco Pesole expects the Riksbank to keep rates on hold through 2026 despite inflation falling temporarily to around 1%.

EUR/USD dips briefly after upbeat US jobs data trims Fed rate-cut bets

EUR/USD came under brief pressure on Wednesday as a surprisingly firm US jobs report boosted the US Dollar (USD) and weighed on the Euro (EUR). At the time of writing, the pair trades around 1.1875, after sliding about 68 pips to an intraday low near 1.1833 in the immediate reaction to the data.

CAD: BoC deliberations and policy nuance – TD Securities

TD Securities expects the Bank of Canada’s Summary of Deliberations to deliver a more nuanced message than January’s cautious statement.

WTI gains on Middle East supply concerns, US stockpile limits upside

West Texas Intermediate (WTI) US Oil trades around $65.15 on Wednesday at the time of writing, up 1.53% on the day, extending the rebound that began earlier this week.