Markets Struggle Amidst Inflation Fears and Rising Bond Yields

Global markets are struggling amidst concerns over inflation and rising bond yields. Despite some relief on Friday as oil prices retreated, worries about inflation persisted.

The US announced higher tariffs on goods from 60 trading partners, exacerbating inflationary concerns. This move is likely to impact various sectors, including technology, which saw its stocks weighed down by elevated spending on artificial intelligence.

In the foreign exchange markets, the dollar experienced strong gains as traders anticipated potential rate hikes by the Federal Reserve. Gold and silver also saw modest recoveries as bond markets reflected heightened volatility amid economic uncertainties.