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Market concerns weaken, the US dollar index fell 0.75% today Stimulating the demand for safe haven,

CWG Markets | 2025-02-21 14:16

Abstract:On Thursday, the US dollar index fell unilaterally due to “tariff fatigue” and ultimately missed the $107 mark, closing down 0.73% at 106.38. The benchmark 10-year US Treasury yield closed at 4.5110%;

On Thursday, the US dollar index fell unilaterally due to “tariff fatigue” and ultimately missed the $107 mark, closing down 0.73% at 106.38. The benchmark 10-year US Treasury yield closed at 4.5110%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.2850%.

Gold prices hit a record high again on Thursday, reaching a peak of $2954.72 per ounce, the tenth record high set so far this year. Worries that US President Trump's tariff threat could trigger a global trade war have stimulated safe haven demand for gold, leading to a decline in US dollar and Treasury yields and providing an opportunity for gold prices to rise.

International oil prices rose for the third consecutive day due to data showing a decrease in US gasoline and distillate inventories, as well as concerns about supply disruptions from Russia supporting oil prices. WTI crude oil ultimately closed up 0.64% at $72.53 per barrel; Brent crude oil closed up 0.70% at $76.57 per barrel.

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CWG Markets
Company name:CWG Markets Ltd
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Website:https://www.cwgplatform.com/
5-10 years | Regulated in United Kingdom | Regulated in South Africa | Regulated in Vanuatu
Score
8.55

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