Afternoon Briefing 17 Feb 2023: Gold Slides on Higher USD

Below are the market analysis of some regions

Asian Markets

Asian stocks fell on fears of a Fed rate hike.

European Markets

European markets tend to weaken after French CAC touched an all-time high.

US Pre-Open Markets

US stocks slid late Thursday on inflation data and comments from Fed officials.

Commodities

Gold tends to decline from 1 month lows due to strong US dollar.

U.S. Treasury Yield

Treasury yields rise as investors considered inflation data and official comments from the Fed.

Major Currency Pairs

Dollar rose due to continued increase in interest rates.