Gold and Oil Rally on Middle East Tensions While Yields Drop, Boosting Precious Metal

Gold and crude oil prices were volatile last week due to geopolitical tensions in the Middle East. XAU/USD rallied 5.5% and oil gained 6%.

Cautious Fed speak helped cool Treasury yields, supporting gold prices which are sensitive to rates.

Sentiment-linked currencies like NZD and AUD underperformed the USD amid stock market declines.

Key events next week Powell speaking, China GDP, UK employment, Canada inflation.

Markets will continue monitoring geopolitics, central bank policies, economic data for direction.