The Federal Reserve's stance is relatively dovish, and the US dollar index continued to plummet significantly yesterday

The Federal Reserve's stance is relatively dovish, and the US dollar index continued to plummet significantly yesterday

Gold continues to rise to near two-week highs

Due to the dovish performance of the Federal Reserve's monetary policy meeting, the US dollar weakened against a basket of currencies on the 14th, and the US dollar index continued to decline significantly. The US dollar index, which measures the US dollar against six major currencies, fell 0.88% in the day and closed at 101.957 at the end of the foreign exchange market.

On Thursday (December 14th), after the Federal Reserve made unexpected dovish comments on US monetary policy, gold and silver prices rose sharply on Thursday. The settlement price of COMEX February gold futures rose 2.38% to $2044.9 per ounce. Spot gold continued its upward trend yesterday, closing 0.44% higher at $2036.35 per ounce.

The depreciation of the US dollar, coupled with increased market sentiment towards the possibility of a Fed rate cut, and the push from the International Energy Agency (IEA) to raise its forecast for next year's oil demand, are helping to support crude oil prices. On Wednesday trading session, the market fell to its lowest point in nearly six months, followed by an improvement. On Thursday, oil prices continued their gains from the previous trading day, rising by 3%.