Gold Pulls Back to $5,020 as Nikkei Futures Rally on Easing US Inflation

Gold Market - Gold prices retreated to approximately $5,020 per ounce as traders engaged in profit-taking following the release of mild US inflation figures [2][10] - The primary catalyst for the retreat was a "mild" US inflation report, with the Consumer Price Index (CPI) increasing by only 0.2% in January, easing market fears of aggressive interest rate hikes by the Federal Reserve [3][10] Japanese Market - Japanese markets opened with significant bullish momentum, with Nikkei 225 futures climbing 1.0% in early trade, continuing a historic rally amid domestic political stability [4][10] - The broader Japanese market remains optimistic as the new administration pursues aggressive stimulus and tax-relief measures, impacting major firms like SoftBank Group and Honda Motor [5] Fixed-Income Sector - In the fixed-income sector, benchmark 10-year Japanese Government Bond (JGB) futures edged up 0.07 point, indicating a slight cooling of yields as global bond markets stabilized [6][10] Labor Market Focus - Global investors are shifting focus toward upcoming labor market data to confirm the disinflationary narrative, with expectations that stable US employment alongside mild inflation could lead to the Federal Reserve beginning interest rate reductions as early as mid-2026 [7]