The rise of the US dollar is hindered and fell back. Iranian President crashed Israel's fierce attack on Gaza, market continues to be bullish on the future of gold

Last Friday (May 17th), the US dollar index rose first and then fell. The US stock market wiped out all the gains of the day in late trading and ultimately closed down 0.012% at 104.49. Supported by hawkish comments from Federal Reserve Congressman Bowman, US Treasury yields continued to rise, with the 10-year Treasury yield ultimately closing at 4.422%. The yield on the 2-year US Treasury, which is most sensitive to the Federal Reserve's policy interest rates, ultimately closed at 4.837%.

The gold price rose nearly $40 last Friday (May 17th), benefiting from the announcement of stimulus measures by Asian powers and the warming expectation of US interest rate cuts, leading to a second consecutive week of weekly gold price increases. At present, the overall market is clearly biased towards bullish gold. The survey shows that most analysts and retail investors tend to be bullish on the future of gold. Investors need to continue to pay attention to news related to the Iranian President, as it may affect changes in safe haven sentiment. On this trading day, there is relatively little economic data, and Federal Reserve Director Barr will give a speech, which investors need to pay attention to.

Due to the increased economic indicators of the world's two major oil consuming countries (China and the United States), as well as concerns about supply disruptions caused by another attack on Russia's oil infrastructure, international crude oil recorded its first weekly increase in three weeks. WTI crude oil closed up 0.81% at $79.46 per barrel last Friday (May 17th); Brent crude oil rose 0.64% to $83.9 per barrel last Friday (May 17th).