US PPI data exceeded expectations, with the US dollar rebounding significantly Gold under pressure and falling consolidation

On Thursday (March 14th), due to the US February PPI growth rate significantly exceeding the consensus of economists, recording the largest increase since August last year, the US dollar index rose sharply, returning to the 103 level, and finally closing up 0.542% at 103.37. The yield of US treasury bond bonds opened lower and rose higher. The benchmark 10-year US bond yield closed at 4.2922%, while the two-year US bond, which is most sensitive to the policy interest rate of the Federal Reserve, closed at 4.6935%.

Due to the US PPI data exceeding expectations, which suppressed the expectation of interest rate cuts, and the impact of the strengthening US dollar index, spot gold fluctuated and fell, falling below the 2155 mark at one point and ultimately closing 0.51% lower at 2163.23 US dollars per ounce; Spot silver ultimately closed down 0.79% at $24.81 per ounce.

International crude oil prices continue to rise due to the International Energy Agency's upward adjustment of this year's oil demand growth forecast and the downward adjustment of supply prospects for countries outside the Organization of the Petroleum Exporting Countries. WTI crude oil broke through the $80 mark and ultimately closed up 1.64% at $80.97 per barrel; Brent crude oil closed up 1.39% at $85.59 per barrel.