The demand for safe haven has rebounded, and the US dollar fell significantly on Monday Gold price

On Monday, as the “Trump trade” receded, the US dollar index opened short and fell below the 104 mark, ultimately closing down 0.4% at 103.9. The yields of US Treasury bonds have all fallen, with the benchmark 10-year yield closing at 4.289%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.164%.

The outcome of the US election remains uncertain, and Iran will use all possible facilities and forces to respond to Israel. Spot gold remained strong on Monday, ultimately closing up 0.05% at $2736.4 per ounce. Spot silver ultimately closed up 0.11% at $32.46 per ounce.

Due to OPEC+'s decision to postpone a one month production increase plan, international crude oil prices have surged. WTI crude oil returned to the 71 level, ultimately closing up 3.4% at $71.48 per barrel; Brent crude oil closed up 3.25% at $75.23 per barrel.