APD drop boosts rate cut hopes, USD up briefly, gold rises 3 days pre-non-farm.

On Wednesday, the US dollar index rebounded slightly and briefly returned above the 97 level during trading, but then gave up some of its gains, ultimately closing up 0.13% at 96.77; The benchmark 10-year US Treasury yield closed at 4.284%, and the 2-year US Treasury yield closed at 3.797%.

Gold prices rose 0.5% on Wednesday, marking the third consecutive day of increase and closing at $3356.93 per ounce. This upward trend was mainly driven by the unexpectedly weak ADP employment data in the United States, and market expectations for an early interest rate cut by the Federal Reserve quickly rose. Investors are holding their breath as they await the release of Thursday's non farm payroll report, attempting to glimpse the next steps in the Federal Reserve's monetary policy.

Due to Iran's suspension of cooperation with the United Nations nuclear monitoring agency and the trade agreement reached between the United States and Vietnam, oil prices surged by 3% in the past two days. WTI crude oil started to rise during the European trading session and returned to above $66 in the US, ultimately closing up 2.82% at $66.62 per barrel; Brent crude oil closed up 2.7% at $68.73 per barrel.