Expectations of monetary policy differentiation are heating up, with the US dollar significantly rising last Friday Gold fell significantly after rising and consolidation

Last Friday (April 12th), supported by the fading expectations of the Federal Reserve's interest rate cut and a sense of risk aversion, the US dollar index rose above 106, hitting a new five month high and ultimately closing up 0.692% at 106.01, marking three consecutive days of gains and the largest weekly increase since September 2022. The price of US treasury bond bonds rebounded, and the high yield of US treasury bonds fell back. The 10-year US Treasury yield ultimately closed at 4.510%. The yield on the 2-year US Treasury, which is most sensitive to the Federal Reserve's policy interest rates, closed at 4.894%.

As the situation in the Middle East escalated and investors flocked to safe haven assets, spot gold briefly broke the $2430 mark last Friday (April 12), setting a new all-time high of $2431.38 for the second consecutive day. However, due to profit taking selling, it plunged nearly $100 and ultimately closed down 1.19% at $2344.25 per ounce; Spot silver plummeted nearly $2 from a three-year high approaching $30 in the US market last Friday (April 12th), ultimately closing down 1.96% at $27.89 per ounce.

Due to concerns about supply disruptions caused by geopolitical tensions, international crude oil surged during trading last Friday (April 12th). WTI crude oil rose sharply by 3% at one point, but after reaching the 87 mark, it turned sharply downward and gave up all its gains for the day, ultimately closing down 0.09% at $85.4 per barrel; Brent crude oil rose 0.01% to close at $90.15 per barrel.