EU plans tariff retaliation; USD fell, gold supported by safe-haven demand.

Last Friday, influenced by the dovish remarks of Federal Reserve Governor Waller and the cooling of consumer inflation expectations, the US dollar index fell and ultimately closed down 0.155% at 98.46. The yield of US Treasury bonds fell across the board, with the benchmark 10-year yield closing at 4.423% and the 2-year yield closing at 3.88%.

On Monday morning (July 21st), spot gold fluctuated narrowly in the Asian market, currently trading around $3347 per ounce. Gold prices rose 0.35% last Friday as the weakening of the US dollar and continued geopolitical and economic uncertainty boosted demand for safe haven gold.

Surveys show that most analysts tend to be bullish on the future, with a significant increase in the proportion of retail investors who are bullish. As the market digests the EU's new round of sanctions on Russian energy, international oil prices have reversed. WTI crude oil hit the 67 mark in the middle of the day, rising about 2% at one point, then giving up all the gains of the day, and finally closing down 0.47% at $66 per barrel; Brent crude oil closed down 0.45% at $68.59 per barrel.