Safe-haven up; USD down; gold at weekly high.

On Wednesday, burdened by concerns about the Trump administration's tax cuts and spending bills, as well as weak demand for the 20-year Treasury bond auction, the US dollar index continued to decline and fell below the 100 mark, ultimately closing down 0.42% at 99.60. The benchmark 10-year US Treasury yield closed at 4.605%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.030%. International gold prices have recently experienced a strong rise, climbing for the third consecutive trading day on Wednesday, reaching a new high of $3324.76 per ounce for the week, and finally closing at $3315.14 per ounce, with a daily increase of about 0.78%. On Thursday (May 22) during the Asian trading session, spot gold continued to maintain a high volatility trend, trading around $3318.79 per ounce. This upward trend is mainly driven by the weakening of the US dollar index and the increasing global geopolitical uncertainty, demonstrating the unique charm of gold as a traditional safe haven asset.