[MARKET UPDATE] Modest upside seen in USTs; Gold has briefly slipped below USD 5,000/oz

Newsquawk Staff · 3 Mar 2026, 15:37 UTC

Modest upside seen in USTs; Gold has briefly slipped below USD 5,000/oz.

What it means

The slip in gold prices below USD 5,000/oz could suggest a momentary pullback in safe-haven demand, potentially driven by improved sentiment in broader markets, including USTs showing modest upside. This price action might attract speculative attention and could signal shifts in investor behavior as they assess competing asset classes and geopolitical risks.

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US Market Open, 28 Oct, 10:34 UTC · what it led with

NQ futures outperform following SK Hynix's upbeat earnings.
DXY flat; NZD hit after the RBNZ unexpectedly held rates steady.

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FX headlines from our feed, and what the market did next.

US President Trump expected to remove some tariffs on Canada in a bid to help Senator Susan Collins, WSJ reports.
USD/CAD−0.2%
South Africa’s National Treasury says Inflation is expected to return to 3% target in 2029.
USD/ZAR−0.3%
Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.
DXY+0.1%

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