The US dollar fell significantly last FridayThe gold was suppressed by profit taking and experience

Last Friday, due to an unexpected drop in the “terror data” for January in the United States, the weekly US dollar index closed at a nearly nine week low, ultimately closing down 0.25% at 106.79. The benchmark 10-year US Treasury yield closed at 4.4800%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.2690%.

The rebound of spot gold has been hindered. Earlier, it rose 0.37% to $2893.64 per ounce, but quickly fell back and is currently trading around $2880 per ounce, continuing to be dragged down by long profit taking. In addition, Trump's statement that he will soon meet with Putin has also weakened the risk aversion sentiment. Gold prices fell more than 1.55% last Friday due to profit taking, but the weekly trend continued to rise for the seventh consecutive week. Investors are concerned about a global trade war after US President Trump pushed for reciprocal tariffs.

International oil prices fell as Russia and Ukraine were expected to reach a peace agreement, ending Western sanctions on Russia and easing global supply disruptions. WTI crude oil ultimately closed down 1.35% at $70.49 per barrel; Brent crude oil closed up 0.90% at $74.51 per barrel.