Trump delays tariffs; USD down, gold up on war risk.

On Monday, due to Trump's policy shift and his current push for comprehensive spending and tax cuts, investors were deterred from investing in US assets. The US dollar index continued to decline, falling below the 99 level and ultimately closing down 0.15% at 98.95. On Monday, the gold price fell to around $3324 at one point, but quickly rebounded under the support of the escalation of the Russia Ukraine situation and bargain hunting, and finally closed at $3342.23, only slightly down 0.5%. This relatively strong trend exposes the special resilience of gold as a safe haven asset. On this trading day, the initial monthly rate of durable goods orders in the United States for April will also be released, and investors need to pay attention. US President Trump said on Monday that he is considering imposing new sanctions on Moscow, which is attracting safe haven buying to support gold prices. Oil prices remained stable on Monday, with news suggesting that OPEC+will hold a meeting on May 31st, one day earlier than originally planned. WTI crude oil fluctuated back and forth above $61, ultimately closing down 0.29% at $61.33 per barrel; Brent crude oil closed down 0.45% at $64.12 per barrel.