Yields on Japanese government bonds declined across the curve on Friday, as a sharp AI-related selloff in global stock markets pushed investors toward safe-haven assets and reinforced a broader rally in government debt.
Japan's core inflation accelerated to 2.1% in September, its highest reading this year, driven by weaker yen, rising import costs, and pass-through effects from the energy shock, intensifying pressure on the Bank of Japan to tighten further.
Japan's core inflation measure crossed above the Bank of Japan's target level for the first time in the current year, lending further support to the broadly anticipated interest-rate increase scheduled for December.
Cotton contracts posted broad-based gains of 8 to 77 points on Tuesday, supported by a softer US dollar and a new White House fuel relief package worth $8 billion for agricultural producers.
A modest decline in cash and futures soybean prices carried into Tuesday's session, with soymeal contracts falling while soy oil edged higher in the front months.
Gold failed to regain ground as sustained high oil prices intensified inflation worries and added uncertainty to the Federal Reserve's trajectory for additional rate hikes.
The U.S. dollar posted a modest gain on Monday as political instability in France dragged the euro lower while WTI crude oil surged past 2% to a five-week high, reviving inflation concerns and tightening expectations around Federal Reserve policy.
World gold dropped to $4,139 per ounce on Monday, lingering near the lower end of its recent $4,100–$4,200 trading band, yet analysts point to record central-bank purchases and U.S. fiscal concerns as catalysts for a potential new high within 12 to 18 months.
Crude oil retreated from a five-month peak on Oct. 19 as traders balanced escalating Middle East hostilities against evidence that regional output is holding near pre-war levels.
US equity-index futures staged a rebound following last week's sharp decline in semiconductor stocks, while crude oil prices eased ahead of a critical earnings window that could reshape sentiment around the AI-driven trade.
Gold futures ticked higher at the start of the trading week after Federal Reserve Chair Kevin Warsh delivered remarks that led market participants to dial back their expectations for a near-term interest rate increase.
World gold closed the week at $4,166/ounce after briefly testing the $4,200 mark, while Vietnamese domestic premiums widened to 12.6 million VND per tael amid sustained central-bank accumulation.