USD rose Thursday, offsetting tariff impact; gold held steady above $3300.

On Thursday, the US dollar index rose first and then fell. It briefly approached the 98 level before the US market, but then gave up most of its gains, ultimately closing up 0.1% at 97.55. The benchmark 10-year US Treasury yield closed at 4.351%, and the 2-year US Treasury yield closed at 3.885%.

On Thursday (July 10th), international gold prices closed slightly higher at $3323.82 per ounce, briefly touching the $3330 mark during trading, but ultimately limited their gains. This trend perfectly reflects the contradictory pattern of the current gold market: the struggle between safe haven sentiment and the rebound of the US dollar.

Due to investors weighing the potential impact of US President Trump's tariff measures on global economic growth, both oil stocks fell 2%. WTI crude oil continued to decline during the day, falling to a intraday low of $65.53 at one point, and ultimately closing down 2.1% at $65.78 per barrel; Brent crude closed down 1.90% at $68.15 per barrel.