Optimistic trade talks lift USD; gold fluctuates amid China-US focus.

On Tuesday, as the US China trade negotiations entered their second day, the US dollar index fluctuated around the 99 mark and ultimately closed up 0.04% at 99.046. The yield of US Treasury bonds fell first and then rose, with the benchmark 10-year yield closing at 4.48% and the 2-year yield closing at 4.033%. The gold price rose sharply and fell back on Tuesday, because the Russia-Ukraine conflict continued, and the World Bank also lowered its global economic growth expectations. The gold price once rose to 3349.01 US dollars/ounce in the middle of the day on Tuesday, but then gave up its gains and closed at 3322.36 US dollars/ounce, a decline of about 0.09%. As traders paid close attention to the Sino US trade negotiations, the result might ease trade tensions and boost the global economy, thereby reducing the demand for safe haven assets. The continued rise of US stocks also dampened the demand for safe haven gold. International crude oil remains near a seven week high. WTI crude oil showed an inverted V-shaped trend, reaching the $65 mark at one point, then rapidly turning downwards and finally closing down 0.14% at $64.47 per barrel; Brent crude oil closed down 0.09% at $66.72 per barrel.