Dovish messages circulating within the Federal Reserve The US dollar fell under pressure Gold stayed above $1,860

Dovish messages circulating within the Federal Reserve

The US dollar fell under pressure

Gold stayed above $1,860

On Tuesday (October 10th), in the early trading session of the Asian market, the US dollar index slightly declined, falling below 106 at one point and reaching a minimum of 105.91, setting a new low in over a week. Spot gold rose slightly, reaching a maximum of $1865.21 per ounce. Analysts pointed out that Fed Vice Chairman Jefferson and Dallas Fed Chairman Logan made dovish remarks on Monday, which suppressed the trend of the US dollar and boosted gold prices.

Philip Jefferson, Vice Chairman of the Federal Reserve, hinted on Monday that the yield of long-term US treasury bond bonds may prevent the Federal Reserve from further raising short-term policy interest rates, and let the financial market replace the formal monetary policy measures of the Federal Reserve. The rise in the yield of long-term treasury bond will directly affect the financing costs of households and enterprises.