September payrolls, inflation readings and central-bank signals will test whether markets are right to price a 64% chance of another Federal Reserve increase in October.
Spot gold fell 0.6% to $4,349.94 as the dollar strengthened and traders priced an 88% chance of a U.S. rate increase in December.
The Nasdaq gained 2.26% to a record close as chip stocks rallied, Brent settled at $100.34 and the U.S. 10-year yield slipped below 5%.
Equities fell as Brent settled at $105.68 and the U.S. 10-year yield touched 5%, while investors priced possible rate increases in the United States and Japan.
Nvidia reports Wednesday alongside key software names, July PCE inflation and a broad retail earnings slate, with bond-market stress still in focus.
A surprise decline in retail spending reduced expectations of a September rate increase but sharpened the contradiction between supportive borrowing costs and the risk that high inflation is meeting slower growth.
U.S. futures rebounded on divergent Microsoft and Meta results, while South Korea’s Kospi extended a two-day AI-driven selloff and Treasury yields reflected a divided Federal Reserve.
Spot gold fell 1.2% to $4,026.21 as the dollar held near a four-week high and traders priced a 36% chance of an immediate Fed increase and about 80% for September.
