WTI crude oil rebounds above $61 as bulls defend $55 base, upside capped by Iran, OPEC+ supply risk

West Texas Intermediate (WTI) crude oil is trading around $62 on Friday ahead of the weekend, staging a modest rebound after snapping a two-day losing streak.

Gold price plummets over 4% this week as risk sentiment improves

Gold prices fell by more than 1.50% on Friday and are set to end the week with losses of over 4% as an improvement in market mood prompted investors to sell the precious metal in favor of riskier assets. At the time of writing, the XAU/USD trades at $3,187 after hitting a daily high of $3,252.

USD/JPY lifts as Japan’s GDP shrinks and USD stays supported on inflation fears

USD/JPY is moving higher on Friday as traders respond to weak growth figures from Japan and rising inflation expectations in the United States. 

US Dollar ticks higher after weak consumer sentiment offsets broader data disappointment

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading slightly higher at around 101.00 on Friday after a softer-than-expected University of Michigan Consumer Sentiment survey added to a week of mixed US economic data.

Dow Jones Industrial Average tests higher despite slump in consumer sentiment

The Dow Jones Industrial Average (DJIA) stepped into fresh weekly highs on Friday after investors shrugged off the second-worst print from the University of Michigan’s (UoM) Consumer Sentiment Index on record.