April 6 — Monday (April 6, Eastern Asian Time) During the Asian session, spot gold decreased by nearly 1%, trading around $4,620 per ounce. It fell to $4,614.03 at the open, and throughout the day, testing the $4,600 level per ounce is possible.

On Monday (April 6, Eastern Asian Time) during the Asian session, spot gold dropped nearly 1%, trading around $4,620 per ounce. It opened at $4,614.03 per ounce, and during the day, testing the $4,600 level per ounce may occur, driven by unexpectedly strong U.S. non-farm payrolls data for March, which continues to reduce expectations for a Fed rate cut. U.S. crude oil rose nearly 3%, trading around $114.42 per barrel. U.S. President Trump again threatened to destroy Iran’s power plants, while Tehran showed little sign of accepting U.S. demands to cease hostilities.

Key Events of the Day
Today, markets in Germany, Australia, France, Spain, New Zealand, Italy, and the UK are closed for Easter.

Stock Market
Last Thursday, U.S. stock indices closed mixed: Dow Jones down 0.13%, S&P 500 up 0.11%, Nasdaq up 0.18%. Despite this, all three indices posted their best weekly results in the past four months, gaining 2.96%, 3.36%, and 4.44% respectively — the first weekly gain in six weeks. The market opened lower in the morning session after President Trump threatened tougher actions against Iran on the eve of Good Friday, causing a spike in oil prices. However, diplomatic signals, such as Iran and Oman preparing a protocol for passage through the Strait of Hormuz and discussions among several countries, reassured investors. The October crude oil futures trading around $82 per barrel indicates market expectations that supply disruptions will be temporary. Among sectors, utility and real estate stocks rose 0.6% and 1.5%, respectively, as investors sought stable income. The consumer discretionary sector fell 1.5%, mainly due to Tesla’s stock dropping 5.4% after releasing its worst delivery data of the year. Additionally, Blue Owl introduced limits on buyouts from two of its retail funds, causing tension in the private credit market, and its shares declined. The Wall Street VIX "fear" index fell to 23.87. The market also watched as Elon Musk’s SpaceX secretly filed for an IPO valued at approximately $1.75 trillion, as well as upcoming employment data releases outside the agricultural sector.