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US bond yields, USD rose; gold nears highs. Focus on Fed minutes.

CWG Markets | 2025-02-19 13:30

Abstract:On Tuesday, the uncertainty surrounding Trumps tariff plan and the Russia Ukraine peace talks sparked safe haven buying, and the US dollar index ultimately closed up 0.28% at 107.04. The benchmark 10-

On Tuesday, the uncertainty surrounding Trump's tariff plan and the Russia Ukraine peace talks sparked safe haven buying, and the US dollar index ultimately closed up 0.28% at 107.04. The benchmark 10-year US Treasury yield closed at 4.5560%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.3140%. Gold prices rose more than 1% on Tuesday, reaching a high of $2936.82 per ounce during trading, once again approaching the historical high reached last week and closing at $2935.13 per ounce. The uncertainty surrounding US President Trump's tariff plan has raised concerns about economic growth, prompting safe haven funds to flow into gold. The market is also paying attention to the talks between US and Russian officials in Saudi Arabia, as well as the minutes of the Federal Reserve's January monetary policy meeting to be released this trading day.

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