Gold recovered some of its lost territory overnight and is now back above US$4,200 ($6,011) per ounce. Silver rose more than 1%. Some pressure came off precious metals as Brent crude oil dropped nearly 3%.
On Wall Street, both the Nasdaq and S&P 500 were modestly lower. The closely watched 10-year yield was stable at 5.25%. Australian SPI futures were down a modest five points.
The highly anticipated Anthropic IPO is approaching, and the market now has some visibility on its financials. Reuters reports that it lost US$8 billion last year, with revenue of US$4.6 billion. It could potentially be valued at US$1.4 trillion.
US bonds have been causing angst for investors worldwide lately, and sentiment has now reached an extreme level of negativity.
Write to Callum Newman at Mining.com.au
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