Inflation delays cuts, yields rise, gold stable, oil -2% due to Russia-Ukraine.

On Wednesday, the US dollar index remained volatile in the Asian and European markets. After the release of January CPI data that exceeded expectations across the board, the US dollar index rose more than 50 points in the short term and ultimately closed up 0.05% at 107.98. The benchmark 10-year US Treasury yield closed at 4.6290%, while the two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.3570%.

Gold prices hit bottom and rebounded on Wednesday, falling to around $2863.99 per ounce during trading. Due to strong US CPI data, Federal Reserve Chairman Powell regained his temporary stance of not cutting interest rates, prompting some bulls to take profits. However, gold prices were quickly supported by bargain hunting and safe haven demand, closing at $2904.06 per ounce. US President Trump's new tariff policy has raised concerns about a global trade war.

Due to sources indicating an increase in US crude oil inventories, oil prices fell on Wednesday. WTI crude oil closed down 0.99% at $73.13 per barrel; Brent crude oil closed up 1.03% at $76.83 per barrel.